In the second quarter, Brooklyn's median home prices increased 0.5% to $995,000 from $990,000 last year. The average sale price rose 5.1% to $1,323,118. Inventory was stable at 2,428 homes, with sales up 0.5% to 3,363. One- to three-family houses saw a significant price increase of 9.1%, reaching a median of $1.2 million. Co-ops remained steady, while condos experienced a drop in median sales price by 3.7% to $1.045 million. Price per square foot also varied across property types, with significant growth in the northwest.
Home prices in Brooklyn have reached a new high again, with a median price climbing 0.5% to $995,000 compared to last year's $990,000, according to reports.
The average sale price hit $1,323,118, reflecting a 5.1% increase during the same period, while inventory levels remained relatively stable.
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