The 3Q 2008 Brooklyn Market Overview that I author for Prudential Douglas Elliman was just released.

Look for lots of additional data and charts on the market in the coming weeks.

Other reports we prepare can be found here.

Historical aggregate data is online (which I will continue to expand) and a series of charts will also be available soon.

An excerpt

…The overall average sales price of a Brooklyn residential property was $575,287 this quarter, down 4.7% from the $603,428 average sales price of the same period last year. Median sales price showed a similar pattern, slipping 5.6% to $510,000 this quarter from $540,000 in the prior year quarter. There was a 4.5% decline in the condo median sales price to $505,493 over the same period which is consistent with the overall market. Co-ops showed little change in median sales price borough-wide over the same period. The median sales price of a co-op was down 1.7% to $280,000. The median sales price of 1-3 Family properties declined 3.2% to $600,000, Luxury properties were consistent with the overall market sliding 3.4% to $1,210,000…

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