Despite a reported increase in foreclosures and short-sales plaguing some neighborhoods, Brooklyn showed an overall increase in both average and median sales price in the first sixth months of 2008, compared to the prior-year period, according to a mid-year market report prepared by PropertyShark.com and Corcoran. The average price crept up 5 percent to $621,000, while the median sales price for the borough climbed a bit faster, up 10 percent to $560,000. ...
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