- Miller Samuel Real Estate Appraisers & Consultants - http://www.millersamuel.com -
[7-Year List Low] 4Q 2012 Queens Report
Posted By Jonathan Miller On January 21, 2013 @ 10:21 pm In Queens | No Comments
Here’s an excerpt from the report:
…In the final quarter of 2012, the Queens housing market saw a sharp year-over-year bump in prices, a modest slip in sales and listing inventory, shorter marketing times, and less negotiability between buyers and sellers. The historically tight mortgage underwriting standards continued to hold the impact of record low mortgage rates in check.
Both price indicators pressed above prior year levels. Median sales price was up 13.7% from the prior year quarter at $390,000, the highest level in nearly 4 years. Average sales price showed a similar result, rising 9.4% to $432,503 over the same period. All market quintiles generally saw gains in median sales price compared to the prior year period…
Our Queens data tables  are now updated for 4Q12 and charts will be available soon.
Article printed from Miller Samuel Real Estate Appraisers & Consultants: http://www.millersamuel.com
URL to article: http://www.millersamuel.com/blog/7-year-list-low-4q-2012-queens-report/27933
URLs in this post:
 Image: http://www.elliman.com/reports-and-guides/reports/new-york-city/4q-2012-queens-sales/4-393
 report on the Queens sales market for 4Q 2012: http://www.millersamuel.com/reports/elliman-report-queens-3q-2012
 Douglas Elliman: http://www.elliman.com/marketreports/
 Queens data tables: http://aggregate-data.millersamuel.com/
 Miller Samuel: http://www.millersamuel.com/reports/elliman-report-queens-sales-4q-2012
Copyright © 2011 Miller Samuel Appraisals. All rights reserved.