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Elliman Report: Queens Sales 2Q 2020
The quarter finished with 1,610 closed sales, a 46.7% drop from the year–ago quarter, and the largest rate of decline in eleven years and the lowest second quarter total in at least seventeen years. The ‘shelter-in– place’ rules issued by state mandate to fight COVID–19 effectively paused the housing market from mid-March to the last week of June. The inability of real estate brokers to provide in-house showings limited activity…
