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 […]
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 […]
February 2013 Queens NY Market Update The conclusion of 2012 paints a promising picture for 2013 and the Queens housing market. Falling inventory levels coupled with record-low mortgage rates, which drive high levels of demand, continue to drive home prices upward. This pent-up demand is sustaining the market and record-low mortgage interest rates clearly are helping many home buyers, but […]
Recently I had a Home Owner ask me if I could provide them with a report of Queens County’s property values over the last 5 years. So, I figured that it would only be right to share it with all of you. Therefore, below is a detailed report on Queens’ Property values over the last […]
January 2013 Queens NY Market Update The Queens housing market continues to recover as a result of existing-home sales improving with low inventory supply pushing home prices upward. Momentum continues to build in the housing market from growing jobs and a bursting out of household formation. With lower rental vacancy rates and rising rents, combined with historically favorable affordability conditions, more […]
October 2012 Queens Market Update The Queens housing market continues to recover, indicated by consistent increases in both home sales and prices. Inventories in some of the Queens’ neighborhoods are primarily balanced, which favors neither sellers nor buyers. However, there are pockets of the county that are experiencing inventory shortages, which puts pressure on prices. […]
September 2012 Market Update Sales of existing Queens homes have continued to improve in 2012. As a matter of fact, July and August had the most home sales of the entire year. I believe that affordability conditions are very good for the Queens housing market. Mortgage interest rates have been at record lows this […]
August 2012 Queens NY Real Estate Market Update The Queens’ housing market continues to recover, indicated by a balanced supply of inventory and increasing home prices across the county. Abigail Herrera states, “The very favorable market conditions are helping to unleash a pent-up demand, which is why housing supplies have tightened and are supporting growth in home prices.” However, rising […]
July 2012 Queens Real Estate Market Update The Queens housing market continues to recover, evidenced by a balanced supply of inventory as well as improvements in home prices and the number of homes sold. The median home price however, decreased this month from last, dropping to $345,000 compared to $350,000 in May, a 1.4% decrease. […]
June 2012 Queens Real Estate Market Update Courtesy of Abigail Herrera with Keller Williams Realty Landmark. In a Nutshell: Total Number of Homes Sold: 579 – Down 10.4% from 615 home sales in May 2011. Median Sale Price: $350,000 – Up 3% from $340,000 in May 2011. Residential Homes Sold: 340 (Median Sale Price: $450,000) Condo Homes Sold: 61 (Median Sale Price: $340,000) Co-Op Homes Sold: 178 (Median Sale Price: […]
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