Get The Inside Scoop On Queens Real Estate Market Trends

👋 Get The Inside Scoop On Queens Real Estate Market Trends🗽🔍

📆 From December 2022 to December 2023, we've seen some dramatic shifts! 📉 Let's kick off with insights into the market's overall performance. 🏡

🗣️ "Witness a significant -23.8% drop in 1-to-4 family home sales compared to last year! Let's explore what's behind these numbers." 💹📉

🗣️ "Closing numbers fell to 4,599 in 2023 from 6,039 in 2022. 🚪🔑 Time to analyze the factors behind this year-over-year decline!" 🤔

🗣️ "Interest rates are a key player! 📈 Their rise impacts buyers' purchasing power, leading to higher monthly payments." 💰

🗣️ "And don't forget about housing inventory! 🏘️ 2023 saw some of the lowest levels in years, challenging both buyers and sellers in Queens." 🛒

🗣️ "Despite these hurdles, the median sales price held steady at $880,000, showing only a -2.2% decrease from 2022." 💵🔍

🗣️ "This resilience of the Queens market is noteworthy, especially against early 2023 forecasts." 📈👏

🗣️ "Ending the year with 1,195 properties in contract indicates ongoing buyer interest." 📝🏠

👉 Stay tuned for more insights and don't forget to like, share, and subscribe! 💖📲

#realestateinsider #queensny #marketanalysis #propertytrends #housingmarket #interestrates #investmentinsights #homesales #realestateinsights 🌆📊🏘️📈🔑💰

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Empowering More People In Real Estate
Elias Borjas & Alejandra Fermin
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