Queens Real Estate Market Update for Q3 of 2025
Find out about median prices for 1-4 family homes and coop and condo apartments. Also check sales counts and trends, how average days on the market are evolving, how negotiable prices were and what is going on with the inventory. Here is a summary:
Q3 2025 Queens Real Estate Market Update
1. INFLATION SETTLES AROUND 3%.
2. MORTGAGES TRENDED LOWER, ENDING AT 6.3%.
3. ALL RESIDENTIAL PROPERTIES AND APARTMENTS REACHED RECORD MEDIAN PRICES.
4. SALES COUNTS WERE LOWER FOR 1, 2 FAMILIES AND APARTMENTS.
5. SALES COUNTS HIGHER FOR 3 & 4 FAMILIES, +39%
6. SUPPLY WENT UP TO 10 MONTHS = BUYERS MARKET
7. MEDIAN RENTS WENT UP FOR LARGER UNITS (2-3 BRS)
8. CONCLUSION: LOWER MORTGAGE RATES, RECORD SALES PRICES, REDUCED NUMBER OF TRANSACTIONS, HIGHER REALESTATEINVENTORY AND HIGH DEMAND FOR LARGER RENTALS. ALL THESE MEAN CHANGES ARE COMING, STAY TUNED FOR OUR ANALYSIS VIDEO…
Queens Real Estate Market Update for Q2 of 2025
SUMMARY OF STATS AND FACTS
1. INFLATION TICKS UP SLIGHTLY IN JUNE.
2. MORTGAGES STABLE AT 6.67%, LIMITING AFFORDABILITY.
3. 1 FAMILY MEDIAN PRICE 3.5% HIGHER YOY.
4. 2 FAMILY MEDIAN PRICE 8.3% HIGHER YOY.
5. 3 AND 4 FAMILIES PRICE ARE STABLE YOY.
6. APARTMENTS PRICES 8.2% LOWER YOY.
7. PRICE NEGOTIABILITY LIMITED AT 1.6%.
8. SUPPLY AT CLOSE TO 6 MONTHS, SIGNALING A MORE BALANCED MARKET.
9. THE RENTAL MARKET IS STRONGEST FOR 1 BR UNITS.
Queens Real Estate Market Update for Q1 of 2025
Macroeconomic statistics for inflation, mortgage rates and specific real estate numbers for median prices, transaction numbers for all residential and apartment properties. Also a look at real estate inventory levels, negotiability (list price/sold price), average days on the market, the rental market and our conclusions. As always, do not hesitate to contact us for a free, accurate, no obligation market analysis.
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