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The Brooklyn luxury ground to a halt last week.  The borough recorded just seven contracts for homes asking at least $2 million from Aug. 24 to Aug. 30, according to Compass’ weekly report on Brooklyn’s luxury market. Signed contracts included four condos and three single-family homes for a total contract volume of $18 million.  The previous week saw 18 contracts signed for $67 million.  Homes entering contract last week had a median asking price of $2.4 million, spent an average of 75 days on the market and had an average price per square foot of $1,538.  A condop at 1 […]

This article originally appeared on The Real Deal. Click here to read the full story.

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