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 REALESTATE INVENTORY AND HIGH DEMAND FOR LARGER RENTALS. ALL THESE MEAN CHANGES ARE COMING, STAY TUNED FOR OUR ANALYSIS VIDEO…