Brooklyn condo sales on the rise, prices up

April 15, 2011 4:51:31 AM PDT
Brooklyn condo sales are on the rise after taking a big hit a few years ago.

New market reports also show prices are inching higher in the first quarter of 2011.

Demand for more expensive townhouses in prime locations was also strong.

Still, other real estate experts aren't overly excited, noting that the median price of a Brooklyn home remains 12 percent below the peak.