Brooklyn’s luxury contracts notch slow start to October
Brooklyn’s luxury contracts had a slow start to October. The borough notched 20 contracts signed for properties asking at least $2 million from Sept. 30 to Oct. 4, according to Compass’ weekly report. The total contract volume was $64 million. Homes entering contract last week spent an average of 73 days on the market and had an average discount of 1 percent. After a slow end to summer, Brooklyn’s luxury market hasn’t achieved the same kind of liftoff it has seen in previous fall months. In the first week of October last year, the borough netted over $100 million in […]
This article originally appeared on The Real Deal. Click here to read the full story.
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