Real Estate Market Statistics for 2012 for Queens, Nassau and Suffolk County

If you’re wondering what the Real Estate market statistics were for 2012 for Queens, Nassau and Suffolk County, you’ve come to the right place!

The combined median home price in December 2012 for Nassau, Suffolk, and Queens Counties, was $352,000, which is a 0.6% increase over December 2011 which was $350,000. Suffolk County had a 2012 closed median home price of $310,000 compared to $309,000 reported for 2011, which is .3% increase.  Nassau County had a 2012 closed median home price of $399,000, which is .3% increase from 2011. Queens County had a 2012 closed median home price of $360,000, which is a whopping 4.3 percent greater than last year

These statistics are definitely in agreement with most predictions that said that the real estate market would improve and it looks house prices will increase in the months to come. But if you are looking to buy in Queens, take advantage of the historically low mortgage rates and buy a home before house prices increase further. To put it into numbers: If you bought a $500,000 home in Queens in 2011, the same home would cost you $521,500 in 2012.

So, there you have it: Real Estate market statistics for Dec 2012 for Queens, Nassau and Suffolk County.

Karen Ribeiro can be reached at 917-981-1877 or karenribeiro@kw.com

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