Housing sales are falling in Brooklyn, per the new Prudential Douglas Elliman Brooklyn Market Overview, but prices haven’t taken a beating yet. Overall, median sale prices fell 1.9% to $525,000, but the average sale price increased 2.4%. The number of sales, however, took a nose dive of 43.6% in this quarter compared to the same quarter last year. New developments are still propping up the Brooklyn market, making up 51% of all condo sales and selling on average for $649 a square foot, which is up 27.5%. Right now, North Brooklyn is holding up best, with media prices up 9%. Brownstone Brooklyn held its own with a 7.5% increase. In South Brooklyn, the increase is 2%. In Eastern Brooklyn, where the sub-prime problems are serious, the media sale price was down 10.9%. The bottom line of the mass of statistic produced by Miller Samuel is that things are holding steady in some respects, but that there are rumblings of future problems starting to appear. There’s a story in the Sun about the report and a post on Brownstoner and there’s one on Curbed too.