Queens Real Estate Market Update: SEP 2016

queens_real_estate_market_sep_2016

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 over the year prior for the first time since February.

Absorption Rate: 671 sales/per mo.

Current Available Inventory: 3,814 (Last month: 3,763)

Month’s Supply: 5.7 Months

Last Month: 5.8 Months

Last year: 6.8 Months

Read More

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s