Brooklyn home sales jumped 57% in the first quarter from a year earlier as buyers sought deals after more than two years of price declines.

Transactions for condominiums, co-ops, townhouses and single-family homes in New York City’s most populous borough climbed to 1,861 from 1,186, appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said in a report today. The median price dropped 1.8% to $466,000, the 10th consecutive quarterly decline.

Brooklyn property values are down 14% from their 2007 peak after the credit crisis that cost more than 184,000 finance jobs in the Americas rippled through New York.