Last quarter, median sale price hit a record in Brooklyn. In the second quarter, it was the average sale price’s turn to peak. A mix of low inventory, a surging economy, Brooklyn’s magnetic culture and credit restrictions led the average sale price to come in at $788,529, according to a report from Douglas Elliman released on Thursday. That was up .7% over Q1 from last year. The median price jumped to $605,000, or 5% above Q1 2014. That was only 1% shy of the record set last quarter. Brooklyn, you gotta love it—but you also gotta have bank to own in it. More numbers from the report here.
Brooklyn's Average Sale Price Hits Record
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Related Topics:
Brooklyn residential
, Douglas Elliman
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