In a move that has been in the works for nearly two decades,
Brooklyn final

[more]

Things are looking up in the Brooklyn residential market, according to Gerard Longo, president of the Brooklyn New York Multiple Listing Service.

The MLS’ first-quarter 2010 report, which culls data from the listings registered in the MLS, shows that inventory dropped 22.7 percent year-over-year in the first quarter, while sales volume increased 10.08 percent to $181.67 million in the first three months of this year from $165.04 million in the first quarter of 2009.

While the median price dropped 7.02 percent during that same time period, the average price only declined .66 percent.

“I think we found a stable place in our market,” said Longo, who is also a principal with development firm Atlantic Walk Vestry and president of Brooklyn-based real estate company Madison Estates & Properties. “I think we’re flatlining here.” [more]

Gerard Longo (left) and Dawn Doherty

Brooklyn’s biggest Multiple Listing Service has partnered with Streeteasy.com to place some 2,500 of its listings on the site, sig [more]

Gerard Longo (left) and Dawn Doherty

Brooklyn’s biggest Multiple Listing Service has partnered with
Streeteasy.com to place some 2,500 of its listings on the site,
signaling a new era of transparency for real estate in the borough. All member listings from the Brooklyn New York MLS, which represent
neighborhoods like Sheepshead Bay, Flatbush and Midwood, are now
visible for the first time on Streeteasy.com, according to Dawn
Doherty, the vice president of strategic development at the
real estate listings Web site. That means information on price changes and the number of days on the
market — data that Streeteasy.com compiles for each listing on its
site — will be available to consumers for the first time, she said. [more]