Brooklyn Sales Market Hits Record High

July 30, 2014 | By Reanne Agbayani
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  • Median sales prices in Brooklyn climbed to $575,000 setting an all-time record during the second quarter.
  • In June, vacancy rates dropped to its lowest in five years to 1.64 percent.
  • The average sales prices rose 16.6 percent to $783,296 versus $671,964 same time last year.
  • The luxury market saw median sales rise above $2 million for the first time to $2.14 million, compared to $1.65 million same time last year.
  • There were 2,086 sales, a 98% increase in sales over last year, while inventory fell 5.3 percent.
  • Days on market saw a decrease as well to 110 days.
Tags: Tendeny, Price, Brooklyn