Brooklyn home inventory just hit a 10-year low

Demand for homes in Queens and Brooklyn continued to outpace supply throughout the third quarter of 2017, pushing residential prices to new highs. In Brooklyn, the median sale price hit $790,000, which is $5,000 below the record price hit in the borough last quarter, according to the quarterly report from Douglas Elliman. Brooklyn inventory reached 1,826, a 30 percent decrease on this time last year and the lowest level since the second quarter of 2008, […]


Source: Real Estate

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