Overview and Summary

 

Six houses sold in the second quarter, down one from the year-ago quarter and four fewer than the prior quarter. Average sales prices for one-family houses fell by 24% compared with 1Q22 and were 9% lower than the first quarter.  Two-family house average sales prices fell by 9% versus the year-ago quarter, but rose 14% compared with the first quarter. 

 

 

 

  

 

Disclaimers:

• This report covers the 11372 zip code only, comprising Jackson Heights and its Historic District
• Data is sourced from the New York City Department of Finance’s Rolling Sales Update
• Within the Rolling Sales Update, numerous transactions are listed with a closing price of $0. These transactions are not included in this analysis
• There are some inconsistencies and errors in the Rolling Sales Updates that were analyzed.  Transactions where closing prices were significantly below prevailing market prices were excluded from this analysis.

 

Copyright 2023    Daniel Karatzas

Any reproduction or use of this report must be approved, in advance, by its author

 

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