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Elliman Report: Queens Sales 4Q 2020

While the sales number fell 8.3% to 3,179 from the prior-year quarter, they surged 56.4% from the prior quarter. In contrast, the average percent sales change from the third to the fourth quarter was -4.8%. The surge in the number of sales helped press the price trend indicators to record levels. Median sales price rose 9.5% to a record $668,000, and the average sales price increased 4.6% to $705,636 respectively from the same period a year ago. The luxury market price…

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