Forest Hills NY Market Update The Forest Hills’ housing market is showing steady signs of recovery due to a combination of rising home sales, declining inventory, and low interest rates. A good indicator that the market will experience a full-force recovery are the 5 months in 2012 where we have seen an increase in median home prices. (flathatnews.com) Usually, […]
Forest Hills NY Market Update The Forest Hills housing market continues to recover, indicated by consistent increases in both home sales and prices. Inventory levels are still primarily high, which favors buyers. There are pockets of Queens that are experiencing inventory shortages, which puts pressure on prices. Many of the hardest-hit areas during the downturn […]
Forest Hills NY Market Update Sales of existing Forest Hills homes have continued to improve in 2012. August represented the first time this year that we have seen back to back months of year-over-year increases. I believe that affordability conditions are very good for the Forest Hills housing market. Mortgage interest rates have been at […]
August 2012 Forest Hills NY Real Estate Market Update Forest Hills NY Market Update The Forest Hills housing market continues to recover, indicated by a balanced supply of inventory and decreasing Month’s supply. Abigail Herrera states, “The very favorable market conditions are helping to unleash a pent-up demand, which is why housing supplies have tightened, however, in Forest Hills there is more […]
June 2012 Forest Hills Real Estate Market Update Home Sales… Total Number of Homes Sold: 48 – Up from 44 home sales in May 2011. Residential Homes Sold: 11 Condo Homes Sold: 3 Co-Op Homes Sold: 34 Home Prices… Median Sale Price: $307,000 – Down 5.8% from $326,000 in May 2011 Residential Median Sale Price: $638,888 Condo Median Sale Price: $448,000 Co-Op Median Sale Price: $248,500 Pending Sales or Under Contracts… […]
Forest Hills Real Estate Market Update: April 2012 The Forest Hills real estate market experienced a 2% increase in March. The median home sale price overall for March was $260,000 which is up from $255,000 in 2011 and down from $270,000 2 years ago. There are currently 462 homes for sale in Forest Hills, and of the current available inventory, the median […]
Forest Hills Market Update: March 2012 The Forest Hills real estate market experienced a 2% increase in February. Compared to this time last year, Median home sale prices of all property types increased from $255,000 to $260,000. 2 years ago the Median home sale price was $270,000. This means that the market has remained fairly stable and I would expect it to remain this way throughout 2012. […]
Forest Hills Market Update: February 2012 The Forest Hills real estate market experienced a 4% decline in January. Median home sale prices, of all property types, decreased from $237,500 (January 2011) to $227,000 (January 2012). Residential median home sale prices increased from $642,000 to $779,000 Condo median home sale prices decreased from $645,000 to $383,895 Co-Op median homes sale prices decreased from $201,500 to $195,000 What this means for Forest Hills Home Buyers? If you’re looking to buy a residential (single/multi-family) home in Forest Hills, you may want hurry because […]
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