{"id":6576,"date":"2021-06-02T09:59:27","date_gmt":"2021-06-02T14:59:27","guid":{"rendered":"https:\/\/www.realtyhop.com\/blog\/?p=6576"},"modified":"2022-01-25T13:56:03","modified_gmt":"2022-01-25T18:56:03","slug":"realtyhop-price-drops-report-june-2021","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/realtyhop-price-drops-report-june-2021\/","title":{"rendered":"RealtyHop Price Drops Report: June 2021"},"content":{"rendered":"<div style=\"max-width: 900px; width: 100%; height: auto; margin-left: auto; margin-right: auto;\"><img decoding=\"async\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/06\/nyc-price-drops-featured-image-june-2021.jpg\" alt=\"June RealtyHop Price Drops\" \/><\/div>\n<p>The real estate market has its ups and downs. In June&#8217;s monthly price drop report, RealtyHop analyzed available data for May across boroughs and neighborhoods in New York City to provide a useful resource for those looking to invest in real estate.<\/p>\n<p>We focused on neighborhoods with the greatest total number of price drops, specifically the highest price drops by median percentage, median dollar value, and street address.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><strong>A Closer Look at NYC&#8217;s Neighborhoods<\/strong><\/h2>\n<p>Our interactive map below depicts the neighborhoods we analyzed. All numbers are based on RealtyHop&#8217;s proprietary dataset.<\/p>\n<p><button class=\"button button1\" button onclick = \"embedPopup()\" button = \"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/06\/nyc-price-drops-map-june-2021.html\" style=\"display: block; margin-left: auto; margin-right: 0px;\">Get the code to embed this map!<\/button><\/p>\n<div style=\"position: relative; overflow: hidden; width: 100%; max-width: 1000px; height: 680px; margin-left: auto; margin-right: auto; margin-bottom: 15px; border: 1px transparent #fffff; border-radius: 15px;\">\n<div style=\"padding-bottom: 68%; height: 0px; position: relative; width: 100%;\">\n<div style=\"position: absolute; height: 100%; width: 100%;\" align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/06\/nyc-price-drops-map-june-2021.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/div>\n<\/div>\n<\/div>\n<p><script>function embedPopup() {alert('<iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/06\/nyc-price-drops-map-june-2021.html\" width=\"100%\" height=\"600px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>');}<\/script><\/p>\n<h2><strong>Top 5 Neighborhoods With the Highest Number of Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Number of Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Upper East Side-Carnegie Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">175<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Turtle Bay-East Midtown<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">147<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Lenox Hill-Roosevelt Island<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">123<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Upper West Side<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">119<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\">Hudson Yards-Chelsea-Flatiron-Union Square<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">114<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For the month of May, the neighborhoods that saw the most price drops were again all located in <a href=\"https:\/\/www.realtyhop.com\/for-sale\/manhattan-new-york-ny\">Manhattan<\/a>. This time around, Upper East Side-Carnegie took over and came in as the #1 neighborhood with the most price drops, with a total of 175 price decreases. The neighborhoods on the list had a total number of price drops ranging from 114 to 175 price drops.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Neighborhoods With the Highest Median Percentage Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Median % Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Fordham South<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-21.2%(-$35,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Van Cortlandt Village<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-12.0% (-$24,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Ocean Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-11.7% (-$155,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Hunts Point<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-10.0% (-$14,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px15; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\">East Flushing<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-9.0% (-$100,089)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Percentage-wise, Fordham South, <a href=\"https:\/\/www.realtyhop.com\/for-sale\/bronx-new-york-ny\">Bronx<\/a> saw the biggest price drops in May, with median percentage price drop reaching 21.2%, or $35,000 in dollar terms. Meanwhile, Van Cortlandt Village came in as the #2 neighborhood with the highest median percentage price drop. The neighborhood experienced a median price drop of 12.0%, or $24,000.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Neighborhoods With the Highest Median Dollar Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Median $ Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Breezy Point-Belle Harbor-Rockaway Park-Broad Channel<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$181,500 (-6.1%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Upper East Side-Carnegie Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$160,000 (-6.0%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Ocean Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$155,000 (-11.7%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Bedford Park-Fordham North<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$112,500 (-7.5%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\">Prospect Heights<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$122,500 (-4.6%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Breezy Point-Belle Harbor-Rockaway Park-Broad Channel, Queens came in as the #1 neighborhood with the highest median dollar price drop this month, with a median price drop of $181,500. Other neighborhoods experiencing the greatest median dollar price drops include Upper East Side-Carnegie Hall and <a href=\"https:\/\/www.realtyhop.com\/for-sale\/prospect-heights-new-york-ny\">Prospect Heights<\/a>. But given the overall higher real estate values in these neighborhoods, that amount only accounts for around 6% of price changes. The neighborhoods on the list had a median price drop ranging from $112,500 to $181,500 in dollar terms.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Units (Still on the Market) with the Highest Percentage Price Drop in May<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Recent % Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/18-spring-st-10012\/5\/9216344\">18 Spring Street #5, Manhattan, NY 10012<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$1,500,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-50.0% (-$1,500,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/2082-valentine-ave-bronx-ny-10457\/house\/13297084\">2082 Valentine Avenue, Bronx, NY 10457<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$1,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-50.0% (-$1,000,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/566-w-159-st-new-york-ny-10032\/1\/13877757\">566 West 159th Street #1, Manhattan, NY 10032<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$299,500<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-29.5% (-$125,500)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/435-e-77th-st-new-york-ny-10075\/8ef\/1237126\">435 East 77th Street #8EF, Manhattan, NY 10075<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$1,225,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-25.7% (-$424,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/35-e-76th-st-10021\/1803\/13557181\">35 East 76th Street #1803, Manhattan, NY 10021<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">$1,500,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-24.8% (-$495,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The table above highlights the properties with the highest percentage price drop in the past month that are still on the market, four of which are located in Manhattan. The address with the highest percentage price drop was <strong>18 Spring Street #5<\/strong>, a condo unit located in <a href=\"https:\/\/www.realtyhop.com\/for-sale\/nolita-new-york-ny\">NoLita<\/a>. All properties on the list experienced a price cut of over 24%.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Units (Still on the Market) with the Highest Dollar Price Drop in May<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Recent $ Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/155-w-11th-st-new-york-ny-10011\/pha\/13936297\">155 West 11th Street #PHA, Manhattan, NY 10011<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$12,900,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$2,100,000 (-14.0%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/820-5th-ave-new-york-city-ny-10065\/maisnette\/9216306\">820 Fifth Avenue #Maisonette, Manhattan, NY 10065<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$17,995,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$2,000,000 (-10.0%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/838-5th-ave-new-york-city-ny-10065\/10fl\/10591108\">838 Fifth Avenue #10FL, Manhattan, NY 10065<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$16,990,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$1,910,000 (-10,1%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/280-west-25th-street-new-york-ny-10001\/house\/8043473\">280 West 25th Street, Manhattan, NY 10001<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$5,750,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$1,750,000 (-23.3%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/18-spring-st-10012\/5\/9216344\">18 Spring Street #5, Manhattan, NY 10012<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">$1,500,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$1,500,000 (-50.0%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Between May 1 and May 31, all five properties that had the highest price drops in dollar terms were located in Manhattan. 155 West 11th St #PHA, a two-bedroom, three-bathroom condo unit in the West Village is currently for sale for $12.9M, after a price reduction of $2.1M, or 14% of the original list price. The top addresses with the highest price drops in absolute dollar value ranged from\u00a0 $1.5M to $2.1M.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Full Dataset<\/strong><\/h2>\n<p>The interactive table below includes all NYC listings with price drops in the month of May. You can sort by column or do a quick search using the search bar.<\/p>\n<div style=\"max-width: 1068px; width: 100%; height: auto;\"><iframe loading=\"lazy\" style=\"sroll: hidden;\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/06\/nyc-price-drops-full-data-june-2021.html\" width=\"100%\" height=\"760\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<h2><strong>Methodology<\/strong><\/h2>\n<p>The New York City Price Drop report is a monthly report that analyzes proprietary data from RealtyHop to map price drops for listings in New York City. It includes listings that experienced price changes the month prior to publications in all five boroughs of New York City.<\/p>\n<p>Want to know who owns these listings? Check it out by using our <a href=\"https:\/\/www.realtyhop.com\/property-records\/search\">New York Property Records Search<\/a>.<\/p>\n<style>\n.button1 {box-shadow: 0 0 0 0 rgba(0,0,0,0.2), 0 0 0 0 rgba(0,0,0,0.19);}.button {   background-color: #51527c; border: none; color: #ffffff; padding: 5px 15px; text-align: center; text-decoration: none; display: inline-block; font-size: 15px; font-weight: bold; margin:4px 2px; cursor: pointer; -webkit-transition-duration: 0.4s; transition-duration: 0.4s;}<\/style>\n","protected":false},"excerpt":{"rendered":"<p>The real estate market has its ups and downs. In June&#8217;s monthly price drop report, RealtyHop analyzed available data for May across boroughs and neighborhoods in New York City to provide a useful resource for those looking to invest in real estate. We focused on neighborhoods with the greatest total number of price drops, specifically [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-6576","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-trends-and-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RealtyHop Price Drops Report: June 2021 - RealtyHop Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtyhop.com\/blog\/realtyhop-price-drops-report-june-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealtyHop Price Drops Report: June 2021 - RealtyHop Blog\" \/>\n<meta property=\"og:description\" content=\"The real estate market has its ups and downs. In June&#8217;s monthly price drop report, RealtyHop analyzed available data for May across boroughs and neighborhoods in New York City to provide a useful resource for those looking to invest in real estate. 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