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Elliman Report: Queens Sales 1Q 2018

The Queens housing market sales market took a break from setting borough-wide price records although price trend indicators continued to rise. The number of sales slid for the second quarter and listing inventory expanded for the fourth consecutive quarter on a year over year basis. Median sales price jumped 13.4% to $550,000 and average sales price increased 11.9% to $624,554 respectively from the prior year quarter to the second highest on record…

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