Throughout New York City in 2020, the Most Expensive Listing

Throughout New York City in 2020, the Most Expensive Listings Suffered Most


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Brooklyn has been stronger than Manhattan, according to UrbanDigs
By V.L. Hendrickson
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Brooklyn had a stronger year than Manhattan in 2020, as people look for more space..
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Brooklyn was king in 2020 as New Yorkers looking for more space crossed over from Manhattan to the outer borough, according to a year-end report released Wednesday from UrbanDigs, which provides market data on the city.
“If there was an exodus from Manhattan, it was across the Brooklyn Bridge,” John Walkup, co-founder and COO of UrbanDigs, said in the report.
Indeed, the number of signed contracts in Brooklyn as of Dec. 22 was up 46.2% year-over-year, according to UrbanDigs’ data. The borough saw positive growth starting in August, when deals were 56% higher than the same time the previous year, partially due to pent-up demand after the economic shutdown caused by concerns over the Covid-19 pandemic.

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