Brownstown and North Brooklyn sales prices expected to keep climbing

Market report shows annual price growth expected to last into 2017, but at a slower rate
  • Although growth this year in Brooklyn is not on pace with the year prior, average price is up 1.1 percent since last year.
  • At $1,398,191, the average home price in Brooklyn grew 2.8 percent since the second quarter of this year.
  • Among Brownstone and North Brooklyn neighborhoods, Park Slope held the most activity, with 18 percent of closed transactions.

Despite prior reports of a looming slowdown for Brooklyn sales, a new report shows activity and prices within in-demand neighborhoods continue to escalate – although not at the same record swells seen in 2015.