New York Neighborhoods, Hot and Cold

Where are home prices rising or falling the most in New York City? To find out, we looked at median sales prices in each of the city’s neighborhoods during the month of August and compared them to those six months prior. (Areas with fewer than 50 sales were not considered, and each neighborhood’s sales were aggregated over three months to smooth deceptive spikes.)

Here are the results: the five neighborhoods with the biggest percentage increases in median sales price and the five with the biggest decline.

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