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13

Brooklyn Home Sales Jump Most Since ’10 as Listings Decline

By Tony Seruga

Supply of homes at second lowest on record in first quarter
‘I’m starving for inventory,’ Corcoran Group broker says

Home sales in Brooklyn jumped the most in seven years while the supply of listings hovered near a record low, pushing buyers toward bidding wars in the New York borough.

Purchases of condos, co-ops and one- to three-family homes jumped 46 percent in the first quarter from a year earlier to 2,800 deals, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. The number of homes on the market at the end of March fell 20 percent to 2,290, the second-fewest since the firms started tracking the data in 2008. The lowest period for listings was the previous quarter…

Brooklyn Home Sales Jump Most Since ’10 as Listings Decline

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