Townhouses Close in Head-Spinning Time, Signed Contracts Up Over Last Year

Brooklyn continues to defy conventional wisdom about the residential real estate market during the COVID-19 pandemic.

Well-priced townhouses in move-in condition are selling in record time — even sparking bidding wars — and the number of signed contracts for all types of properties was up sharply in November compared to the same month last year.

Real estate agents say the New York City market has been sluggish thanks to the virus, but we keep seeing Brooklyn townhouses being quickly snatched up by eager buyers.