“Brooklyn’s market is showing real signs of momentum. Signed contracts rose 15% year over year — the strongest annual gain in more than four years — signaling that buyer demand is strengthening.
Days on market also fell to 72 days, the fastest second-quarter pace in a decade, showing that well-priced listings are still moving quickly. Meanwhile, resale inventory continued to open up, and median and average prices climbed 11% year over year to new all-time highs — a sign that Brooklyn remains on solid footing even as the market evolves.”
– Michael Sorrentino, SVP, General Sales Manager, NY
