Home sales fall in Queens, Brooklyn

The number of home sales in the outer boroughs
are falling fast. Sales of one-, two-, and three-family homes in
Brooklyn fell 37.5 percent last year, according to the
Daily News, and in Queens, home sales fell 34.8 percent last year. The Richmond Hill neighborhood in Queens saw home sales fall from 938 sales to 665 in
2007. In Astoria, the average number of days a home sat on the market
doubled in the past year, reaching 120 days on the market. In Brooklyn, Nancy Pecoraro, a vice president at Fillmore Real Estate,
said she has been selling far fewer homes in Sheepshead Bay because prices are down from a year ago, but many sellers are still unwilling to lower prices.