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Elliman Report: Brooklyn Sales 2Q 2017

The Brooklyn housing market continued to set price records and see high sales volume. Median sales price across the borough rose 20.6% to $795,000 from the prior year quarter, setting a new record. The second quarter marked the fourth consecutive quarterly record and the fourth consecutive period above the $700,000 threshold. Average sales price jumped 22.1% to a record $997,654 and was the third record set in the past four quarters. The price records were consistent with the market share size of bidding wars…

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