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REAL ESTATE • Brooklyn Report
The Brooklyn luxury real estate market continues to climb the price ladder. After 14 straight quarters of median sales price growth in the segment (defined as the top 10% of sales), it now takes a $2.3M sale to hit the threshold, per the Q3 Elliman Report. That’s up 4.1% year-over-year and 26% from pre-pandemic levels.
What’s inflating up-market prices? Tight inventory, a persistent problem in real estate markets across the country right now. Only 203 Brooklyn listings were online during the period, down 8.1% annually and 35.8% from the pandemic highs.
Today, three newly listed two-bedrooms just over the threshold to add to the mix: