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Elliman Report: Brooklyn Sales 2Q 2020

There were 1,525 sales to close in the second quarter, down 40.5% from the same period last year, the highest rate of decline, and the lowest secondquarter sales total seen in a decade. The shelter-in-placerules issued by state mandate to fight COVID19 effectively paused the housing market from mid-March to the last week of June. The inability of real estate brokers to provide in-house showings limited the amount of…

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