REBNY 3Q Numbers Pretty Good

The Real Estate Board of New York published its 3rd Quarter market report yesterday and the numbers from Brooklyn look pretty good. The median price of one- to three-family homes in the borough rose to $623,000 from $597,000 in the second quarter and $596,000 a year earlier. Both median and average price per square foot numbers ($345 and $522, respectively) rose modestly over the second quarter and were off slightly from the year earlier. Not surprisingly, there’s quite a bit of variation by neighborhood and product category; you can see detailed breakdowns of both here [PDF].