Median sales price in Brooklyn increased to the second highest level on record as bidding wars accounted for nearly one in four sales. Sales slipped annually for the ninth consecutive month as listing inventory expanded. Sales above the $1 million threshold were where the annual gains were seen, especially from $1 million to $2 million and $3 million to $4 million. Cash sales accounted for two-thirds of all condo closings, the second highest on record.
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