Home sale prices in BK, Queens hit new highs in Q4 Brooklyn median sales price rose 15% year-over-year to record $750K
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Buyer demand for homes in Brooklyn and Queens continues to exceed supply, pushing prices in the boroughs to record highs.
The median sales price in Brooklyn hit $750,000 in the fourth quarter of 2016, which is an all-time record, according to Douglas Elliman’s latest quarterly report. That figure represents a jump of 15.4 percent year-over-year.
Inventory is also continuing to fall in the borough, dropping 31 percent year-over-year to a record low of 2,232. Jonathan Miller, CEO of appraisal firm Miller Samuel and author of the report, said that while sellers in Manhattan are only just now understanding the facts of the market, it’s a very different story in Brooklyn. Sellers there爱上海同城论坛