The 2Q 2009 Brooklyn Market Overview that I author for Prudential Douglas Elliman was released today.
Other reports we prepare can be found here.
The 2Q 2009 data and a series of updated charts are available.
Press coverage can be found here.
An excerpt
…There were 1,428 sales in the second quarter, 29.7% below the 2,031 sales in the prior year quarter. Sales jumped, however, 20.4% from the prior quarter total of 1,186 sales, recovering a portion of the sharp decline in the prior quarter. The increase was greater than the normal seasonal change from first to second quarter, which has averaged 1.7% since 2003. There would appear to be a release in pent-up demand since change in the number of sales between the most recent fourth and first quarters fell 35.8% in contrast to a 5.8% average decline over the past six years. There were 6,330 properties listed for sale, up 4.9% from 6,037 units in the prior year quarter…..
Download 2Q 2009 Brooklyn Market Overview
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Deana Luedtke says wow to this comment…”There were 6,330 properties listed for sale, up 4.9% from 6,037 units in the prior year ” Thanks for your blog Deana Luedtke
Great information!
Augusta Real Estate