Brooklyn is the capital of New York’s seller’s market

The New York City seller’s market continues, with solid apartment sales in the third quarter of the year being just one indication: Homes sold a week faster than in the third quarter of 2019 (before the pandemic), according to a recent survey from StreetEasy. The median sale-to-list price ratio, which shows how close asking prices are to closing prices, revealed that homes across the city were selling at a median of 96 percent of their asking prices, up from 92 percent a year ago.

StreetEasy researchers also dug into every listing and sale from January to September 2021 to find New York City’s 10 neighborhoods where sellers had the greatest advantage. They’ve expanded the list for The New York Times by 20 neighborhoods, as seen in this week’s chart.

Brooklyn dominated the list, with nine neighborhoods in the top 10 and 18 in the top 20. (The Rockaways and Ridgewood, both in Queens, were the only outliers.) Median sales prices ranged from 96 to 100 percent of asking prices, leaving little to be desired. leeway for buyers.

The salespeople in Cobble Hill were especially happy. Among the top 20 neighborhoods, homes were the least likely to drop in price and sell the fastest (tied to Downtown Brooklyn). Only Dumbo and Carroll Gardens had higher median sales prices.

To reach the rankings, StreetEasy analysts examined four data points: the median number of days on the market; the share of price reductions; the change in the number of questions about housing compared to last year; and the aforementioned median sales-to-list price ratio. Neighborhoods with less than 100 homes were not taken into account. This week’s chart shows the 20 top-selling market neighborhoods in New York City, the median days on the market, and the median selling price for each.

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