Competition among buyers is still strong in some parts of Brooklyn with frequent bidding wars defying the citywide slowdown in buyer demand according to a new report by StreetEasy. They ranked the best NYC neighborhoods for sellers by the share of listings sold above their initial asking price in Q4 2022, using StreetEasy listing data and ACRIS sales records. The overall sales market in Brooklyn is slowing, with 35% fewer listings entering contract in Q4 2022 compared to last year. The median days on market was 70 days, up eight days from a year ago. However, 50% of listings in Carroll Gardens sold above asking price, 38% of listings in Park Slope and 33% of listings in Boerum Hill making them the top 3 neighborhoods in New York City for sellers. Read more here.
