Home prices in Brooklyn climbed in the second quarter, led by demand for condominiums in new developments.
The median price of newly built condos that sold this past spring was $535,000, a 9.9 percent jump from a year earlier, New York appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said Thursday in a joint report.
The median price of all Brooklyn condos, co-ops and one- to three-family houses increased 3.7 percent to $480,000.
The outlook in Queens, however, isn’t so rosy.
There, sales plunged 41 percent this spring to 2,361, and the median price climbed 2.1 percent to $342,000, according to Miller Samuel and Prudential. Homes stayed on the market 19 percent longer than a year ago.