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  • Writer's pictureOlga Dakis

Holiday Cheer in Northeast Queens: Real Estate Sales Surge Despite the Season

Updated: Jan 4

Despite the hustle and bustle of the holiday season, real estate sales in Northeast Queens are surprisingly hot. In fact, according to the New York City Department of Finance, the median sales price for homes in Northeast Queens in December 2023 was $750,000, a 10% increase from the same month in 2022.

This data reinforces the trend of rising home prices in the area, even during the typically slower holiday season.

Holiday Dinner

So, what's driving this unexpected boom? There are a few factors at play:

  • Low inventory: Inventory levels in Northeast Queens are at an all-time low, which means there are fewer homes on the market to choose from. This creates a sense of urgency among buyers who fear missing out on the perfect home.

  • Attractive interest rates: Mortgage interest rates are still near historic lows, making buying a home more affordable than ever. This especially appeals to first-time buyers and buyers looking to upgrade.

  • The Northeast Queens advantage: Northeast Queens offers a unique combination of affordability, convenience, and good schools. This makes it an attractive option for buyers looking for a place to raise a family or who want to be close to the city but don't want to pay Manhattan prices.

If you're thinking about buying a home in Northeast Queens, here are a few tips:

  • Be prepared to move quickly: With low inventory and high demand, homes sell fast. So, if you see a home you like, be prepared to make an offer quickly.

  • Get pre-approved for a mortgage: This will show sellers that you're a serious buyer and can afford the home.

  • Work with a local real estate agent: A local agent will know the Northeast Queens market and can help you find the perfect home for your needs.

With some planning and preparation, you can find your dream home in Northeast Queens this holiday season. So, what are you waiting for? Start your search today!

I hope this blog post was helpful. If you have any questions, please feel free to comment below.

Happy holidays!

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