Brooklyn buyers should be prepared for a fight
The gloves are coming off for house hunters in Brooklyn. Last month, one in four homes in the borough sold for more than its asking price — a metric typically indicating a property traded after a bidding war. Of the 10 New York City neighborhoods with the highest share of homes sold over asking, six were in Brooklyn, according to a Streeteasy report published Thursday. Heightened competition among buyers is a natural next step for the borough’s residential market, where prices have been climbing since pandemic changes drove up demand. Brooklyn logged nearly 500 inked deals in September, up 11 […]
This article originally appeared on The Real Deal. Click here to read the full story.
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