- The average and median sale prices in Brooklyn declined 3-14% from the prior month and year, and the average price per square foot fell for three of four bedroom types annually. - The number of contracts signed rose 12% from the previous month but fell 3% from the prior year. - Listed apartment inventory increased 9% from a year ago and fell 1% from the previous month, with new listings up 14% year-over-year.

1. Signed Contracts
Current Month Prior Month % Prior Year %
Market Wide1
Nov 2016 Oct 2016 Change Nov 2015 Change
Average Sale Price $1,108,134 $1,293,124 -14% $1,137,144 -3%
Median Sale Price $907,500 $962,500 -6% $950,000 -4%
Average Price per Square Foot $817 $928 -12% $815 0%
Average Days on Market 54 56 -4% 49 10%
Difference from Last Ask to Sale -0.65% -1.25% N/A 0.06% N/A
Percent of Sales Sold Below Ask 38% 42% N/A 41% N/A
Listed Apartment Inventory 2
2,235 2,263 -1% 2,052 0%
Number of Contracts Signed
414 371 12% 426 -3%
Bedroom Type
Nov 2015 Nov 2016
-2% -4%Reflects % Change -1% 2%
Studio 1 2 3+
PriceperSquareFoot
$0
$200
$400
$600
$800
$1,000
$1,200
$1,013
$961
$1,028
$711
$989
$954
$982
$717
November 2016The Corcoran Report
Brooklyn Monthly Market Snapshot
Market Wide Summary
November was a robust month for sales in Brooklyn compared to October. Contracts rose 12% month-over-month, in contrast
to the past five years trend of sales activity declining in November versus October. There were 9% more apartments listed
for sale versus a year ago, the second highest year-over-year inventory gain of 2016. Average and median sale price dipped
versus last month and last year and three out of four bedroom categories had annual price per square foot declines as well.
Contributing to lower prices were fewer sales located in Williamsburg, as well as a lower market share of new development
sales overall. This month the average price negotiated was 0.65% off the asking price and 38% of sales were negotiated,
compared to more than 40% last month and last year. Average days on market was 10% higher year-over-year but lower
than last month.

2. 1. Statistics are based on Corcoran Group’s monthly-signed contract data, with the exception of “Listed Inventory” and “Number of Contracts Signed”.
Statistics include condominium, co-operative and townhouse sales unless otherwise noted.
2. Statistics include condominium and co-operatives only.
All material herein is intended for information purposes only and has been compiled from sources deemed reliable.
Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.
This is not intended to solicit property already listed. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC.
Brooklyn Apartment Listings
Total November listed inventory rose 9% compared to last year, but was down 1% month-over-month. On trend with the
past two years, the annual rise in inventory was driven by condo listings. There were 14% more new listings on the market
compared to last November, the strongest year-over-year increase in new listings since March.
November 2016The Corcoran Report
Brooklyn Monthly Market Snapshot
detsiLyltnerruCstinUforebmuN
0
500
1,000
1,500
2,000
2,500
3,000
Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16
Apt listings 2,052 1,877 1,956 2,097 2,276 2,346 2,245 2,189 2,175 1,988 2,282 2,263 2,235
New Listings 360 270 370 449 600 606 567 598 417 325 666 494 411