Echoing the prior quarter, listing inventory in the
Queens housing market fell to a multi-year low.
Listing inventory declined 32.3% to 6,124 from
the prior year quarter, the lowest level reached
since this metric was tracked beginning in
2005. The reduction of supply was matched by
the surge in sales as many consumers rushed
to purchase after mortgage rates surged last
spring. The number of sales reached the highest
total in three years jumping 29.6% to 3,251 from
the same period last year.