In what continues to be a recurring theme,
Brooklyn housing prices pushed higher and
records were set across the market. Attribution
for these price gains goes to improving local
economic conditions and low, but rising
inventory. While median sales price set a record
in the previous quarter, average sales price set
a new high in the second quarter, rising 0.7%
to $788,529 from the prior year quarter. Median
sales price increased 5.2% to $605,000 over the
same period, falling 1% short of the record set
in the prior quarter, but year-to-date, was ahead
of last year by 10.8%…