The Queens housing market took a breather after
6 consecutive quarters of rising sales. There were
2,404 sales in the second quarter, 3.6% less
than the same period last year. Year to date, the
number of sales remained 14.2% higher than the
same period last year due to the sharp rise in first
quarter sales activity. Despite the decline, listing
inventory continued to fall for the 13th consecutive
quarter. There were 5,892 listings at the end of
the second quarter, 5.3% less than the same
period last year. As a result of the combination
of declining sales and falling inventory, the pace
of the market remained stable…