UES Lacks Buzz, But Sells

Upper East Side neighborhoods like Yorkville and Carnegie Hill may lack the big name new developments of neighborhoods like FiDi and Battery Park City, but listings move quickly in the more genteel uptown nabes. "Carnegie Hill is very desirable. [The data show that] people want to live there." said Sofia Song, StreetEasy's vice president of research and author of a report on neighborhood market conditions. Absorption rates?a measure of how quickly properties remain on the market?show that the appeal of established neighborhoods increases as they are perceived as havens in a volatile market. [DNAinfo]