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Elliman Report: Queens Sales 2Q 2017

The Brooklyn “spillover” effect continues to shape the Queens housing market with rising sales and prices. The number of sales jumped 47% to 3,839 from the same period last year, the largest second quarter total in 7 years. The number of sales rose above the same year-ago period for the 5th consecutive quarter. Listing inventory edged up 1.5% over the same period to 4,469, the second lowest second quarter total in more than 12 years. As a result of the surge in sales and fairly stable inventory, this was the fastest paced second quarter in a dozen years…

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