Prices in Queens, Long Island Falling

Jan 17, 2008

Manhattan is truly an island to itself.

The Long Island/Queens housing market showed weaker results in the 4th quarter as compared to the same period last year, by showing price erosion in certain market areas, as well as a decline in the number of sales and an increase in inventory. The three regions in the report: Queens, Nassau and Suffolk showed a 5.2%, 3% and 3.8% decline in median sales price respectively, compared to the fourth quarter of 2006.

< Mortgage Rates Will Continue to Drop | No Market Downturn in New York >

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