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Elliman Report: Brooklyn Sales 4Q 2015

The Brooklyn housing market continued to move at a rapid pace. All Brooklyn price indicators rose above their year ago levels to the second highest in history, but falling short of the record set in the prior quarter. Median sales price increased 11.1% to $650,000, the second highest level in history after the $676,250 record set in the prior quarter. This was the thirteenth consecutive yearover- year quarterly increase. Median sales price for the year 2015 was also $650,000, up 14% from the year 2014…

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