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- This month a significant 2,459 new listings were added to the market, 14% more than were added in April 2014. Due to the large number of new listings, total inventory increased 14% since last month and a 3% increase versus April 2014.
- While sales under $2M represent 72% of the market, listings under $2M make up just 57% of inventory.
- Co-ops showed strength for sellers in every metric in April 2015. All prices increased by double digits, with a 22% increase in average price versus April 2014. Median and average price per square foot also increased, 12% and 13% respectively
- While average price and average price per square foot continued to increase, median price decreased by 4% relative to April 2014.
- For nineteen out of the last twenty months Brooklyn experienced year-over-year growth in average and median sale prices, increasing 4% and 17%, respectively.
- Total available inventory in Brooklyn increased 24% to 5,351, year-over-year. The number of listings in April 2015 was 13% higher than the average number of listings over the last 12 months.
- Brooklyn had a 26% growth in contracts signed versus April 2014. In April, 71% of buyers paid at or above asking price.
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