The following is the 2nd Quarter report of the 303 brokers and
more than 2,500-agent members of the BNYMLS. The numbers
listed below cover properties listed with the BNYMLS only.
2010 2nd Quarter 2009 2nd Quarter % Change
New Listings 1924 1885 +2.1
Sold Listings 499 431 +15.8
Pending Listings 748 729 +2.6
Active Inventory 3453 3972 -15
Median Price $410,000 $425,000 -3.5
Volume Sold $221,251,690 $192,827,800 +14.8
Avg. Price $443,390 $447,396 -.9
DOM 215 293 -26.7
The 15.8% increase in sold listings is largely due to the tax
incentives offered to buyers through the first four months of
2010. There is a more modest increase of 2.6% in pending sales.
The 15% decrease in active inventory represents a higher
demand for properties by the public.
Days on Market (DOM) has been reduced by 26.7%, which confirms
a faster selling pace in the Brooklyn housing market. While
the median price has decreased 3.5%, the average price has
