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Elliman Report: Brooklyn Sales 1Q 2019

The market pace of the Brooklyn market has shifted from blistering to fast from a steady dose of additional inventory and reduced sales levels. There were 2,216 sales in the first quarter of 2019, 8.1% less than the year-ago quarter and the fifth straight quarter of year over year declines. Surprisingly, the “sweet spot” of the market for sales growth was within the $3 million to $4 million range as the only one to see an increase in sales, up 14.7% to 39 sales from the same…

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