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 […]
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 […]
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, […]
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. […]
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 […]
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 […]
Report courtesy of George & Abigail Herrera, real estate agents w/the Queens Home Team at Keller Williams Realty Landmark II. If you have any questions or would like a market report for your neighborhood, please call, text or email us. 718-869-0270 | george@queenshometeam.com
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 […]
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 […]
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 […]
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