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Elliman Report: Queens Sales 4Q 2015

The Queens housing market continued to see rising prices and a fast moving pace. Average sales price fell a nominal $6 to $522,372 from the prior quarter record but was 6.1% higher than a year ago. Median sales price increased 9.2% to $470,000 from the year ago quarter but remained 2.1% below the record set in the third quarter of 2007. Median sales price has risen sharply from the corresponding year ago quarter over the past 18 months…

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