Elliman Report: Queens Sales 4Q 2017

The housing market in Queens saw near-record and record price growth, sliding sales and rising inventory. Average sales price expanded 8.9% to $624,698, and median sales price rose 12.2% to $559,000 respectively from the year-ago quarter to new records. In fact, the new records set by each price metric in the quarter was the third consecutive quarter of new records and the seventh consecutive quarter with year over year price gains…