Brooklyn Real Estate Market Sees Sales Increase

Over the last 30 days, the Brooklyn market showed healthy signs with two homes sold. It marks a 100.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. In comparison, nearby Indianapolis had 1,045 sales in the same time frame, the most of all neighboring cities. Prices are falling in Brooklyn, and this period the median price of all sales fell from $89,900 to $67,450. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Brooklyn is a definite seller's market.

Trying to find a home in Brooklyn that offers more bathrooms? Then check out these listings that provide the most bathrooms in the area:

$220K   $119K   $110K  

Get started right now by checking out Brooklyn homes for sale or reviewing Brooklyn real estate trends.

Demographic facts about Brooklyn:

  • The median age of all homes is 40.
  • The average snowfall is 15.2 inches per year. (U.S. average: 25)
  • The rating in which jobs are expected to grow is 59. (Scale: 1 = Worst, 100 = Best)
  • The average school expenditure per student is $4,261. ($5,691 = national average)

Data reported through 10/12/2016

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