< All Market Reports

Elliman Report: Brooklyn Sales 2Q 2016

Brooklyn housing prices moved higher with expanding sales and declining inventory. Median sales price increased 8.9% to $659,000 from the prior year quarter, a 15-quarter trend that began in the fourth quarter of 2012. Average sales price followed the same pattern, rising 3.6% to $816,827 over the same period. The median sales price for condos up 10.6% to $773,926, coops up 20% to $390,043, and 1-3 family houses up 2.9% to $700,000 respectively over the same period. For much of the market, prices continue to move higher due to constrained supply and higher demand. Simply put, the Brooklyn housing market has remained on a tear – along with its global brand – that began more than 5 years ago…

Download Now

Get Weekly Insights and Research

Housing Notes by Jonathan Miller

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
Joined October 2007