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Elliman Report: Brooklyn Sales 4Q 2014

Brooklyn housing prices continued to rise in the final quarter of 2014 and in the process set records for annual median sales price and annual average sales price of $570,220 and $739,610 respectively. For the fourth quarter, median sales price increased 2.6% to $585,000, the second highest level after the prior quarter record of $587,515. It marks the ninth consecutive quarter with a year-over-year increase in median sales price. Average sales price increased 9.9% to $756,569 from the same period last year…

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