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Navigating the Queens Market: Auburndale & Flushing Real Estate Trends for Summer 2024

Navigating the Queens Market: Auburndale & Flushing Real Estate Trends for Summer 2024

The Queens housing market continues to be a dynamic landscape, and with summer upon us, DakisHomes4U wants to equip you with the knowledge to make informed decisions about Auburndale and Flushing real estate. Here's a breakdown of key trends to watch for in the coming months:


sample of a suburban home can be found auburndale & Flushing Queens NY

Auburndale:

  • Market:  Sellers may see a slight shift as Auburndale transitions from a buyer's market (more inventory than demand) towards a balanced market. While homes are still selling relatively quickly (around 58 days on market in April 2024, according to [Redfin]), competition could pick up slightly as buyer confidence increases.

  • Prices: Prices in Auburndale have shown steady growth, with a median sale price of $975,000 in April 2024 ([Redfin]). This trend is likely to continue, but at a potentially slower pace than the previous year.


Flushing:

  • Market: Flushing's real estate market remains competitive. Inventory levels are lower compared to Auburndale, and with high demand, bidding wars are still a possibility, particularly for desirable properties.

  • Prices: Similar to Auburndale, prices in Flushing are expected to continue rising, though potentially at a moderated pace compared to recent years.


Overall Queens Market:

  • Interest Rates:  A significant factor to consider is potential interest rate hikes by the Federal Reserve. While this could cool buyer enthusiasm slightly, historically low rates are expected to remain a driving force in the market.




note taking image for auburndale & flushing home buyers and sellers

Tips for Auburndale & Flushing Buyers:

  • Be prepared to act quickly. In a competitive market, time is of the essence. Get pre-approved for a mortgage and have your paperwork in order before making an offer.

  • Work with a knowledgeable real estate agent.  A local agent from DakisHomes4U can provide valuable insights into the Auburndale and Flushing markets and help you navigate the buying process.


Tips for Auburndale & Flushing Sellers:

  • Price your property competitively. A fair asking price based on current market trends will attract more qualified buyers.

  • Highlight your home's unique features.  In a competitive market, showcasing what sets your property apart is key.


Looking to buy or sell in Auburndale or Flushing?

DakisHomes4U is here to guide you through the Queens real estate market. Contact us today for a free consultation!



Remember, this is just a general overview, and specific market conditions can vary. Stay tuned for further updates, and feel free to reach out to DakisHomes4U for personalized advice on Auburndale and Flushing real estate!


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