Queens Real Estate Market Report SEPTEMBER 2017

Queens Real Estate Market Report SEPTEMBER 2017, by George Herrera, Realtor and Listing Specialist with the Queens Home Team at Keller Williams Realty. September 2017 Market Update Home sales and home prices both rose again in August. This is the third month in a row with double digit year over year price increases. It seems […]

Queens Real Estate Market JULY 2017

“Queens Real Estate Market JULY 2017”, by George Herrera, Realtor and Co-Owner of the Queens Home Team at Keller Williams Realty. Market Update Month’s supply climbed up to 6 months in June. This is the highest month’s supply we’ve seen since October of 2015. Month’s supply is the number we look at to gauge whether […]

Queens Real Estate Market Report: MAY 2017

May 2017 Market Update As we mentioned last month, the market is changing a little, but listings are still moving and selling for high prices in general. Interest rates came down again so that spurred some new activity in the market. Right now we’re noticing that different neighborhoods are getting different reactions depending on their […]

Queens Real Estate Market Report: APRIL 2017

Queens real estate market report: April 2017 April 2017 Market Update The first quarter of 2017 has definitely been interesting. It’s the first time in a while that we’re actually seeing a shift in demand, and while that can be a little unsettling, it also signifies a change that can lead to opportunities in the […]

This Month in Queens Real Estate: FEB 2017

Queens Real Estate Market: February 2017 The Queens real estate market picked up quite a bit in February. This is a change from the month prior. For example, our January was pretty slow in terms of new seller clients, and based on our conversations with other listing agents in the office, January seemed to be […]

Queens Real Estate Market: 2016 Year in Review + 2017 Market Outlook

By George Herrera, Realtor and Co-Owner of the Queens Home Team at Keller Williams Realty. Year in Review When it comes to the Queens real estate market, 2016 was an interesting year to say the least. Interest rates remained very low for most of the year, home sales were consistently below 2015 levels, home prices […]

Queens Real Estate Market: DEC 2016

Queens Real Estate Market Update Home sales in the US increased significantly, and they actually reached their highest levels in nearly a decade. In Queens however, home sales actually dropped and have continued to decline over the last 4 months and for most of this year. This stark difference is a clear sign that what […]

This Month in Queens Real Estate: NOV 2016

by George Herrera, Realtor & Co-Owner of the Queens Home Team at Keller Williams Realty. November 2016 Market Update The Queens housing market continued on the same path in October with sales declining and prices on a steady rise. Sales have been down (year-over-year) in 7 of the last 10 months signifying that there is […]

This Month in Queens Real Estate: OCT 2016

October 2016 Queens Real Estate Market Update A cooling trend in the Queens housing market continued in September with diminished inventory levels being the primary driving force behind the decline. Despite near rock-bottom mortgage rates and healthy job growth, Queens home sales eased after reaching record-setting levels in August. Affordability concerns have delayed some first-time […]

This Month in Queens Real Estate: SEP 2016

September 2016 Market Update  The housing market spiked in August as demand remains at high levels in many neighborhoods, particularly in the 1-3 Family and Condo categories. Affordability does appear to be impacting prospective buyers though, despite near record-low mortgage rates. After five consecutive months of year over year sales decreases, queens home sales increased […]

This Month in Queens Real Estate: AUG 2016

by George Herrera, Realtor & Listing Specialist with the Queens Home Team at Keller Williams Realty. August 2016 Market Update Home sales in July dropped again for the fifth consecutive month. Despite the drop in transactions, home price increases have 2016 on track to be the best year for home prices since the recession. Near […]

Queens Real Estate Market Update: February 2016

by George Herrera, Realtor and Co-Owner of the Queens Home Team at Keller Williams Realty. Queens Real Estate Market Update: February 2016 Home sales dropped in January which is somewhat typical considering the fact that there’s usually a big rush to close by end of year. Sales in January were down from December, but very […]

Queens Real Estate Market: 2015 Year in Review

   by George Herrera, Realtor & Co-Owner of the Queens Home Team at Keller Williams Realty   Queens Real Estate Market 2015 Year in Review Welcome to our first edition of the “Queens Real Estate Market: Year in Review”. Rather than comparing one month to the previous month and the same month of the previous […]

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For a free no obligation appraisal of your Home, just fill out the form below and we’ll contact you to schedule an appt. We offer this as a complimentary service to Queens’ homeowners because we know that good decisions are based on good information. Please be advised that we are not a licensed appraisers, however, […]

Queens Real Estate Market Update: December 2015

  by George Herrera, Realtor & Co-Owner of the Queens Home Team at Keller Williams Realty.   December 2015 Queens Real Estate Market Update Home sales slowed again in November as inventory remained tight and prices continued their steady increase. As the end of the year approaches, consensus among economists was that the Federal Reserve […]

Queens Real Estate Market Update: NOV 2015

by George Herrera, Realtor and Co-Owner of the Queens Home Team at Keller Williams Realty. November 2015 Queens Real Estate Market Update The pace of existing home sales dipped in October, both month over month and year over year. As chatter about the eventual rise in interest rates becomes more pervasive in the media, a […]

Queens Real Estate Market Report: OCTOBER 2016

Queens Real Estate Market Report: October 2015 The pace of existing home sales rose in September, but remains slightly below the pace from the same month last year. Demand for existing homes appears to remain high even after rebounding to post-recession highs this summer. Prices have not begun their usual seasonal decline for the latter part of […]

Queens Real Estate Market Update: SEP 2015

Queens Real Estate Market Update  Existing home sales hit a high for the year in August, however, year-over-year sales were still down. Inventory remains tight on a county level as the increased demand for homes continues to outpace the number of homes coming onto the market. The pace of year-over-year price increases slowed somewhat in August, and […]

Queens Real Estate Market Update: AUG 2015

Queens Real Estate Market Update: AUG 2015 The pace of home sales continued to slow in July according to the Long Island Board of Realtors. July marked the highest year over year decrease in home sales this year at 11%. In other words, last July there were 736 home sales in Queens, while only 655 […]

This Month in Queens Real Estate: JUL 2015

  June 2015 Queens Real Estate Market Update The pace of home sales rose in June, but were still below the pace of sales last June. The combination of buyers looking to take advantage of low interest rates before they increase further coupled with less homes being on the market than the same time last year has […]

This Month in Queens Real Estate: JUN 2015

JUNE 2015 QUEENS REAL ESTATE MARKET UPDATE The pace of existing home sales increased slightly from April to May according to the latest report released by the Long island Board of Realtors. This is likely related to slow growth in inventory that has failed to keep pace with this year’s pickup in demand. This has […]

This Month in Queens Real Estate: MAY 2015

May 2015 Queens Real Estate Market Update  Right now the Queens’ real estate market is feeling pretty tight to say the least. If you or someone you know has been searching for a home, they can tell you all about it. Inventory is much lower than 2014 levels so we’re experiencing a lot of multiple offers, […]

This Month in Queens Real Estate: APRIL 2015

April 2015 Queens Real Estate Market Update Homes sales increased in March while inventory levels remained tight. Inventory typically reaches its low point during the winter months, but the current level is well below that of last year. This led to higher than expected home price increases. While home price gains are good for homeowners, […]

This Month in Queens Real Estate: MAR 2015

March 2015 Queens NY Market Update Homes sales declined in February on a monthly basis, and continued to show declines year-over-year. Prices followed a similar pattern as the sales, posting a monthly decrease, however, prices remain well above the previous year’s levels. Inventory tightened slightly coming out of February and things have remained very tight […]

Buying a Home in Queens NY? Be Sure to Google that Address…

4 Reasons to Google that Address when Buying a Home in Queens NY Have you been in the market for a Home, Coop, or Condo in Queens? Did you finally find the right place? That’s Awesome! But before you jump in with an offer, you’ll definitely want to Google the address. Why? Here are 4 […]

This Month in Queens Real Estate: FEB 2015

February 2015 Queens NY Market Update  Home sales continued to decrease in January, significantly below last year, however, inventory ticked up slightly. In response to the low inventory levels and low interest rates, prices increased on a monthly basis; however, the yearly increase remained in the 4%–6% range for the third consecutive month now, a positive sign that home price […]

This Month in Queens Real Estate: JANUARY 2015

January 2015 Queens NY Market Update  The pace of existing home sales increased in December, but remained below that in the same month of the previous year. Home prices declined as we moved in to the cooler months, when seasonal declines in both prices and inventory are normal. Inventory dipped slightly and remained below last year’s […]

This Month in Queens Real Estate: DEC 2014 (Month’s Supply = 6.2 Months)

Dec 2014 Queens NY Market Update  The pace of home sales continued to decrease in November and inventory continued to track below last year’s levels as well.  Sales are well below those seen in the same month last year while prices are well above those seen in the same month last year. Prices continued to track above those […]

This Month in Queens Real Estate: NOV 2014 (Month’s Supply: 6.3 Months)

Nov 2014 Queens NY Market Update  Queens home sales are down for the third month in a row from August – October. Home sales are also remaining significantly below last year’s levels, according to the Long Island Board of Realtors. Prices increased on a year-over-year basis for 4 consecutive months as of October, and surprisingly the magnitude of […]

This Month in Queens Real Estate: OCT 2014

Oct 2014 Queens NY Market Update The pace of Queens home sales reached its second-highest rate of 2014 in September, but was slightly slower than the previous month and remains below 2013 levels. Prices however, saw an increase over last year, but remained the same as last month’s median home price. Prices continue to post year-over-year gains, […]

This Month in Queens Real Estate: SEPT 2014

Sept 2014 Queens NY Market Update  In August, the pace of home sales continued to improve amid decreasing inventory levels and interest rates below last year’s. This summer’s housing market has presented opportunity to buyers with low interest rates and slower price increases in Queens, helping to alleviate the affordability crunch created by last year’s rapid price gains. […]

This Month in Queens Real Estate: August 2014

  August 2014 Queens NY Market Update  In July, home sales dropped slightly from June when we saw a slight jump in sales. The increase in sales pace in June & July led to another substantial increase in home price which is likely a result of a decrease in the number of homes on the market in Queens. Mortgage […]

This Month in Queens Real Estate: JULY 2014

June 2014 Queens NY Market Update  The pace of home sales rose sharply in June but was still below the pace of sales in June 2013. Prices posted moderate gains in June as well, remaining on pace with the year-over-year growth seen last month and keeping home prices growing at a sustainable pace. The rise in inventory […]

This Month in Queens Real Estate: JUNE 2014

June 2014 Queens NY Market Update The pace of home sales rose in May after a slow start in the beginning of 2014. Inventory increased slightly again in May, meaning buyers should have a bit more choices moving into this year’s peak home buying season and may have less competition in certain neighborhoods. While the overall inventory in the county has […]

This Month in Queens Real Estate: MAY 2014

May 2014 Queens NY Market Update  The pace of Queens home sales was pretty flat in April as the county began to transition out of one of its most severe winters in recent history. Now that we are getting warmer weather and in the peak selling season, we should see Queens home sales start to improve. Both prices and inventory […]

This Month in Queens Real Estate: April 2014

April 2014 Queens NY Market Update  The pace of home sales remained sluggish in March according to the most recent data released by the Long Island Board of Realtors. A combination of higher prices and new lending standards have played a role in the slower pace of sales, as did February’s severe winter weather. Prices continued to […]

This Month in Queens Real Estate: MAR 2014

March 2014 Queens NY Market Update  Home sales declined in February with the combined effects of severe winter weather and the decline in affordability due to higher mortgage rates and prices than those seen in the previous year. Sales have also been hindered at the beginning of this year by new mortgage and flood insurance regulations that recently took effect. The flood insurance regulations are currently set to […]

This Month in Queens Real Estate: February 2014

February 2014 Market Update Homes sales were down in January from the previous month, likely a result of the severely cold weather which affected many markets more than in typical years. Inventory levels remained tight but did increase slightly. The weather may have affected the number of listings coming onto the market, but we still ended the month […]

This Month in Queens Real Estate: January 2014

January 2014 Market Update   Total existing home sales were up in December when compared to the previous month and were also up from December of last year. Prices continue to increase, even given the modest seasonal decrease that is typically seen in the winter months. This is due in large part to the consistent rise in home […]

This Month in Queens Real Estate: December 2013

Queens NY Real Estate Market Update According to the Long Island Board of Realtors, existing home sales declined 21% in November but are still well above last year’s pace by 16.9%. Some part of the drop in sales was likely due to delays caused by the government shutdown, which may affect December’s sales figures as well. Even with the modest […]

This Month in Queens Real Estate: November 2013

Queens NY Real Estate Market Update The seasonally adjusted rate of Queens home sales increased again in October and continued to increase when compared to year-ago levels, with October marking the 7th month of year-over-year increases. Median price declined month to month, which was expected given seasonal patterns; year-over-year, October marked only the 4th month this year of price decreases. This should have many potential […]

This Month in Queens Real Estate: October 2013

  Queens NY Real Estate Market Update In September the seasonally adjusted annual rate of home sales in Queens jumped to the highest year-over-year increase since January 2013, as many buyers made the effort to lock in rates before they rise any further. While rates have ticked down due to the Federal Reserve’s announcement that […]

This Month in Queens Real Estate: September 2013

Queens NY Real Estate Market: Update The annual rate of home sales rose for the fifth month in a row in August, the jump likely boosted by formerly reluctant buyers being pushed off the sidelines by the anticipation of rising mortgage rates. As speculation continues on the date and extent of the Federal Reserve’s reduction […]

This Month in Queens Real Estate: August 2013

Queens NY Real Estate Market Update With home prices still rising rapidly, inventory has remained tight as many potential Queens home sellers hold out in an effort to wait until prices peak. However, with builders ramping up operations and the potential for interest rates to rise, it is still a good time for prudent homeowners to take advantage of […]

This Month in Queens Real Estate: July 2013

July 2013 Queens NY Market Update The recovery of the Queens housing market now appears to be well under way. While demand is still high, even with credit conditions constraining buyers, the low level of inventory is having a significant effect in most neighborhoods. This is likely to persist through the year due to the rapid sales velocity and […]

This Month in Queens Real Estate: June 2013

June 2013 Queens Market Update The recovery of the Queens housing market now appears to be well under way. While demand is still high even with credit conditions constraining buyers, the low level of inventory is having a significant effect in most neighborhoods. Due to current market conditions, May saw a significant jump in sales velocity. April & May […]

This Month in Queens Real Estate: May 2013

Queens NY Real Estate Market Update As the Queens housing market recovers we are seeing considerable increases in demand, resulting in a strong seller’s market in certain areas across the county. Currently, there is more demand than there is supply available in many neighborhoods, but the good news is home construction is rising and low mortgage rates are continuing to keep affordability conditions […]

This Month in Queens Real Estate: April 2013

Queens NY Real Estate Market Update Home sales and prices confirm that a healthy recovery is continuing in the Queens housing market: sales have been above year-ago levels for 8 of the last 12 months, while prices have experienced 9 months of year-over-year gains in the last 12 months. We are still in a Buyer’s […]

This Month in Queens Real Estate: March 2013

March 2013 Queens NY Market Update The Queens housing market is showing positive improvement. The main trend to call attention to is the seller’s market. Home prices continue to rise steadily above year-ago levels, and housing demand has strongly picked up, resulting in low levels of inventory in many neighborhoods across the county. Tight inventory is a major factor […]

This Month in Queens Real Estate: April 2012

Queens Market Update: April 2012 The Queens real estate market experienced a 2.1% decrease in March. This is a slight decrease which means that the market overall is relatively stable. Around this time last year, the median home sale price overall was $350,000 and in March, the median home sale price overall dropped to $342,750 so the difference is very minimal. There […]