Brooklyn's luxury market has shown stability in the number of contracts signed year-on-year, but the days on market have dramatically decreased, pointing to a surge in demand.
The fastest contract was for a Prospect Heights townhouse asking $5.2 million, which was noted for its renovations and quick sale, highlighting the appeal of well-designed properties.
Demand for luxury properties has surged in Brooklyn thanks to falling mortgage rates, which has contributed to a marked decrease in the time homes spend on the market.
Notably, this week's top properties included a high-demand townhouse and a luxury condo offering numerous amenities, showcasing the desirability of well-located and equipped residences.
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