Homes in Brooklyn and Queens are 'selling at record speeds'
Douglas Elliman
In Brooklyn and Queens, homes are flying off the market.
The absorption rate in Brooklyn — the pace at which homes are sold — was 4.2 months, the fastest seen in the borough in at least eight years, according to Douglas Elliman’s latest sales report. At the same time, listing inventory plunged 37.4 percent from the same time last year.
“The market is being challenged in terms of being able to replace these sales with new supply,” said Jonathan Miller, author of Douglas Elliman’s latest sales report. Читать дальше...