Queens prices down in 2nd quarter

The median sales price of Queens properties was down 4.3 percent in the second quarter, according to a report from Prudential Douglas Elliman. The median price for a Queens residential property was $469,000, and all but the upper end of the borough’s housing stock posted a decline in average sales price as compared to the same period last year. The top 20 percent of Queens’ market saw a 4.6 percent increase in average sales price, to $852,973, compared to the second quarter of 2006. TRD