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Elliman Report: Queens Sales 2Q 2018

Record and near-record market-wide price trends continued to define the Queens housing market as sales began to decline and listing inventory expanded. The average sales price rose 7.6% to $629, 869 from the year-ago quarter. This price was the seventh record reached over the last nine quarters. Median sales price rose 11.6% to $558,000 over the same period, reaching the second highest level on record. Median sales price reached records in two…

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