In the Queens residential market, something’s got to give. Douglas Elliman’s third-quarter sales report found median and average sales prices in the borough reached record highs at $600,000 and $651,216, respectively. The increases came despite the number of sales falling year-over-year for the eighth straight quarter and inventory continuing to balloon. In Brooklyn, prices for the market as a whole dropped, but co-op sales set a new record as year-over-year median and average sales prices
source https://therealdeal.com/2019/10/10/queens-sale-prices-set-record-despite-signs-of-trouble/
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