[click to open report]

The 4Q 2009 Brooklyn Market Overview that I author for Prudential Douglas Elliman was released today.

Other reports we prepare can be found here.

The 4Q 2009 data (shortly) and a series of charts are available.

Press coverage can be found here.

Since the neighborhood data is too thin to build a reliable trend line, we have grouped neighborhoods by logical regions based on housing stock.

An excerpt

>…The number of sales in the fourth
quarter was above levels in both the prior year
quarter and prior quarter as consumers took
advantage of low mortgage rates and lower
housing prices. The surge in sales over the
second half of 2009 was due in part by a release
of pent-up demand from the first half of 2009
when sales activity was below trend which had
stalled in the aftermath of the fall 2008 credit
crunch. The surge in the stock market last spring
helped provide consumers with more confidence
to make purchase decisions related to housing.
This trend has continued through the end of
2009. There were 2,093 sales in the fourth
quarter, 13.4% higher than 1,846 units in the same
period last year and 13.3% higher than 1,847 units
in the prior quarter. As a result of increased sales
activity, inventory declined over the same period.
There were 5,439 listings available at the end of
the fourth quarter, 10% below the 6,042 listings
available at the end of the same period a year
ago and 2.9% below the 5,600 units available at
the end of the prior quarter…

4Q 2009 Brooklyn Market Overview [Miller Samuel] 4Q 2009 Brooklyn Market Recap Podcast [The Housing Helix Podcast]