Queens Home Sales Jump in the Spring; Prices Steady

Queens home prices in the spring stayed generally the same as in the winter, according to a new report. Home sales, however, increased.

The report, from appraisal firm Miller Samuel and brokerage Prudential Douglas Elliman, says the average sales price of a Queens home was $482,971 in the second quarter; that’s only slightly less than it was in the first quarter ($490,637) and in the second quarter of 2006 ($488,925).

The same is true for the median sales price. It was $469,000 in the second quarter, down from the first quarter median of $492,900 and from the second quarter 2006 median of $490,000.

Home sales increased over 42 percent from the first quarter to the second quarter, with Queens notching around 3,100 home sales in April, May and June. This second-quarter amount was also an 18.9 percent increase over sales in the second quarter of 2006.

Queens remains a relative bargain compared to neighboring Nassau County. The average sales price of a Nassau County home in the second quarter was $594,913. The median was $485,000. Like in Queens, sales were up quarter over quarter in Nassau (though down 10.7 percent year over year).

In Suffolk County, the average sales price was $448,009 in the second quarter, and the median was $399,000. Suffice it to say: The Miller Samuel-Douglas Elliman report did not include the Hamptons nor the North Fork in its Suffolk numbers.

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