While a lack of a listing inventory of properties for local Brooklyn Realtors and real estate brokers to sell continues to be a problem, according to The Real Estate Board of New York in a recent published report, Brooklyn residential sales prices and activity are up.
Comparing the number of residential sales in first quarter of last year to the first quarter of residential sales this year, Brooklyn showed a 21% increase or $1.6 Billion while residential sales in New York City was up 23.4% or $8.1 Billion.
The Brooklyn neighborhoods that showed the most sales are Park Slope, Bedford Stuyvesant, Gravesend, Mapleton, Kensington / Parkville and Bay Ridge, Fort Hamilton.
Another example of the rise in activity in Brooklyn residential sales so far this year is data from The Brooklyn New York Multiple Listing Service that has member realty offices in many Brooklyn neighborhoods. The number of closed listings for the first quarter of last year was 276, for a total sales of $162,116,238.00 compared to the number of closed listings for the first quarter of this year is 293 for a total sales of $180,173,700.00
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