…The price indicators, including median sales
price, average sales price, and median sales
price for both new development and re-sales, all
posted year-over-year gains. The median sales
price of a Brooklyn residential property was
$510,000, 5% above $485,504 in the prior year
quarter and 6.3% above $480,000 in the prior
quarter. Average sales price showed a similar
pattern, rising 4.1% to $607,867 from $583,790
in the prior year quarter and increasing 5.8%
from $574,387 in the prior quarter. The yearover-
year gains in median sales price for new
development sales and re-sales were 7.8% and
6.2% respectively…