April 10, 2015, 11:05 am


In contrast to Manhattan —where prices have plateaued for the past three quarters as the market adjusts to a more reasonable rate of growth—prices in Kings County have been recording double-digit increases over the same time period.

“Brooklyn is the only borough to see median price higher now than at the high water mark prior to the financial crisis,” said Jonathan Miller of appraisal firm Miller Samuel Inc., which prepared the report for Douglas Elliman.

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