Somewhere in between the release of last week’s Manhattan market reports and the moment the first burger hit the grill on the Fourth of July, real estate appraisal firm HMS Associates snuck out a second-quarter recap of Brooklyn sales action. The numbers are similar to Manhattan’s, in that they are ruthless: double-digit price declines over last year (the Brooklyn average was $548,560), sales cut in half, etc. The Brooklyn Paper has a tidy summary of the report, pointing out that the biggest price declines came in the hybrid mega-hood of Dumbo, Boerum Hill and Downtown Brooklyn. Read the full article at Curbed .

Tags: Add new tag, brooklyn real estate market, HMS Associates, Real Estate Appraisal Services, residential market report

This entry was posted on Tuesday, July 7th, 2009 at 12:28 pm and is filed under Brooklyn Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.