The median closed-sale price for all types of homes in Brooklyn rose 2.6% to $975,000, showing a steady increase despite fewer sales and rising listings.
Although average rents dipped 2.4%, rental bidding wars still accounted for a quarter of signed leases, indicating strong demand amidst falling prices.
Co-op sale prices surged while condo prices declined, marking a significant shift in current real estate trends within the borough.
The rental market saw average rents decrease to $4,063, reinforcing the notion that renters might be experiencing some relief after a prolonged surge.
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