B
rooklyn is finally offering some relief to buyers. Six neighborhoods in the borough have made it onto StreetEasy's top 10 list of New York City areas with the best conditions for buying, despite intense competition. These neighborhoods - from suburban Dyker Heights to pricey Park Slope - are seeing increases in inventory and declines in median asking prices.

    This means more options at lower costs for buyers, a welcome respite amid volatile mortgage rates and eye-popping asking prices. Boerum Hill topped the list, with a 26% decrease in year-over-year asking prices and a whopping 75% increase in inventory during January and February.

    However, buyers should be aware that even in Boerum Hill, price cuts are scarce - just 9% of listings have seen reductions, with many asking over $1.9 million. The uptick in inventory is largely due to new developments in the area, according to Deborah Rieders, a Brooklyn-based broker.

    Long Island City and Brooklyn Heights also made the list, both boasting reductions in year-over-year asking prices. New developments in LIC contributed to an 18% increase in inventory, while Brooklyn Heights saw a more modest uptick but significant price drops - its listing prices fell by 23% compared to last year.

    Ultra-exclusive Gramercy Park in Manhattan claimed the largest pool of recent price cuts, at 23% of listings. Coastal Brighton Beach ranked second with cuts to almost 20% of listings. Despite these trends, Brooklyn remains the most competitive market in the city - a record-setting 34 neighborhoods had median asking prices topping $1 million this year.

    Inventory jumps of 51% in Dyker Heights helped put that neighborhood on the list as well, despite no changes to its median asking price since early last year. Park Slope's inclusion on the list was perhaps the most surprising, with a slight year-over-year rise in inventory and a 21% decrease in asking prices.