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Elliman Report: Queens Sales 4Q 2018

Average sales price rose 2.1% to $637,322 from the prior year quarter, setting a new record for the seventh consecutive quarter. Median sales price rose 1.6% to $568,000, the third highest median sales price on record. Year to date, the median sales price rose 6.7%, and average sales price increased 5.9% respectively from 2017. By property type, the median sales price for condos declined 11% year over year to $605,000 as the average square footage of a newly developed…

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