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Elliman Report: Brooklyn Sales 1Q 2016

The Brooklyn housing market continued to outperform all other boroughs in New York City. The market remained fast paced with rising sales, falling inventory and rising sales prices. Median sales price increased 8.4% to $662,431 from the prior year quarter to the second highest level recorded. This was the fourteenth consecutive quarter with a year-over-year increase in median sales price. The record median sales price of $676,250 was reached in the third quarter of 2015…

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