Thursday 24 September 2020

As Manhattan struggles, Brooklyn’s sales market is “booming”

The residential market in Manhattan may be struggling because of the pandemic, but Brooklyn’s is hopping. In August, the borough nearly set a record in terms of pending home sales, while contract activity sunk in both Manhattan and Queens, according to a new StreetEasy report. In Brooklyn, the number of homes that went into contract rose 37 percent year-over-year, with 735 deals inked. That’s below the borough’s all-time high of 748 pending sales in March



source https://therealdeal.com/2020/09/24/as-manhattan-struggles-brooklyns-sales-market-is-booming/

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