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Elliman Report: Brooklyn Sales 2Q 2018

While the Brooklyn housing market continued its blistering pace with near-record prices and chronically low inventory, the intensity of the market eased slightly with fewer sales and more inventory. Median sales price slipped 1.9% to $780,000 from the same period last year to the third highest level ever recorded and the first decline after twenty-two consecutive increases. Average sales price slipped 1.4% to $984,047 over the same period. Of the last eight quarters…

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