Want to Buy a House in Brooklyn? Prices Could Go Down In These Popular Neighborhoods (Updated)

Photo by Steven Pisano

UPDATE: This story has been revised to include numbers that more accurately portray real-estate trends in the borough.

BROOKLYN, NEW YORK — If you’re in the market for your own Brooklyn stoop, a new report from the real-estate data crunchers at StreetEasy offers some clues about where to look in the coming months.

The report predicts that median sale prices in Northwest Brooklyn — including DUMBO, Brooklyn Heights, Downtown Brooklyn, Cobble Hill, Boerum Hill, Carroll Gardens, Gowanus, Red Hook, Fort Greene and Clinton Hill — will drop over the coming 12 months by nearly 2 percent.

And overall in Brooklyn, StreetEasy predicts the price of buying a home will only increase about 1 percent in the coming year — a much slower growth rate than in recent months and years.

Home prices in the Prospect Park region, too, should cool down significantly in 2016 and early 2017, StreetEasy predicts. (Aka, Park Slope, Prospect Heights, Prospect-Lefferts Gardens and Kensington.)

StreetEasy data scientist Alan Lightfeldt told DNAinfo that these forecasts are based on a downward trend in Brooklyn home prices since December 2015, and in Northwest Brooklyn since September 2015.

Rents in the borough have also been holding steady, StreetEasy reports. The borough’s average rental price in February stood at about $2,600, up less than 1 percent from February 2015.

There are even some Brooklyn neighborhoods in which rent has become notably more affordable. The average rent in Fort Greene dropped 3.5 percent to $2,750 from last February to this February, while Park Slope was down 3.4 percent to $2,800.

Sort through the rest of StreetEasy’s findings using this interactive database.