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Brooklyn Homes Flying Off Shelves, Speed Nears 2016 Boom

Brooklyn homes are selling like the borough's famous cheesecake, according to StreetEasy, spending a median of 50 days on the market in the second quarter.

Brooklyn homes are selling like the borough's famous cheesecake, according to StreetEasy, spending a median of 50 days on the market in the second quarter. "This is the lowest since Q2 2016, when homes spent a median 42 days on market," according to a report from the real estate site.

The fast-moving market and "surge in demand" is "largely due to near record low mortgage rates and the economy's reopening," according to the firm.

Prospect Lefferts Gardens. Photo by Susan De Vries Brooklyn homes are selling like the borough's famous cheesecake, according to StreetEasy, spending a median of 50 days on the market in the second quarter. "This is the lowest since Q2 2016, when homes spent a median 42 days on market," [...]




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