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Elliman Report: Brooklyn Sales 3Q 2017

The Brooklyn housing market moved at a blistering market pace as the residential market continued to reinvent itself away from a less expensive option Manhattan buyers. After four consecutive quarters of median price records, the indicator slipped to second highest on record. The third quarter was the 20th consecutive quarter – five years – with a year over year gain in median sales price. The metric rose 7.5% year over year to $790,000 but was down 0.6% from the prior quarter record median sales price of $795,000…

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