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[Plan B] 2Q 2013 Brooklyn Report

[1]

We just published our report on the Brooklyn sales market [1]. This is part of an evolving market report series I’ve been writing for Douglas Elliman [2] since 1994.

Key Points

Here’s an excerpt from the report:

…The low inventory phenomenon continued through the Brooklyn spring market in 2013, driving the price indicators higher. Listing inventory hit the record low second quarter at 4,704, down 18.5% from the same period last year. This was also the third lowest quarterly inventory total in the five years we have been tracking this metric. The number of sales declined by 6.7% to 1,855 from the prior year quarter, restrained by limited supply. As inventory fell faster than sales, the pace of the market accelerated. The monthly absorption rate, defined as the number of months it took to sell all listing inventory at the current pace of sales, fell to 7.6 months from 8.7 months in the prior-year quarter…

You can build your own custom data tables [3] and view market charts [4], now updated with 2Q 13 data.

Press coverage [5]


The Elliman Report: 2Q 2013 Brooklyn Sales [Miller Samuel [1]]
The Elliman Report: 2Q 2013 Brooklyn Sales [Douglas Elliman [6]]
Aggregated Custom Market Data Tables [Miller Samuel [3]]
Brooklyn Sales Market Charts [Miller Samuel [4]]