Brooklyn NY MLS Releases Q1 2010 Stats Report

BNYMLS 2010 First Quarter Statistical Report

                              Q1 2010                   Q1 2009                YoY % Change

New Listings             1908                          1832                       +4.15
Sold Listings               400                            361                      +10.8
Active Inventory        3325                         4304                        -22.7
Median Price           $467,000                 $502,000                     -7.02
Volume Sold       $181,671,209             $165,042,837                 +10.08
Avg. Price              $454,178                 $457,182                      -.66
Days on Market          209                           282                         -25.89

In an effort to precisely measure the climate of our market, we have issued statistics that measure activity for the First Quarter of 2010 to the corresponding Quarter of 2009.

Some items of note:
a. current sales are outpacing inventory as compared with 2009
b. Days on Market (DOM) has decreased by almost 26%
c. total sales and volume have both increased more than 10%
d. while the median price has decreased 7%, the average price, which is a more reliable barometer, has decreased less than 1%.

All of these indicators are positive signs pointing to significant improvement in the Brooklyn Real Estate market and your business.