Brooklyn Q3 2021 Market Report

The Brooklyn apartment market’s amazing run continued in the third quarter, as both prices and sales reached new highs—a great accomplishment just a year and half after the start of the pandemic. The average price crossed the $1 million mark for the first time, reaching a record $1,000,989. Although we won’t be completely sure until all the data is in, it appears that the number of sales also hit a new high in the third quarter. Brooklyn’s future also looks strong, as contract-signed activity remains at record levels for this time of the year. With all the borough has to offer we should have expected a quick recovery in Brooklyn, but I don’t know if many predicted it would be this strong this fast

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