Tag: rental-market-report

Cost of rentals in Queens continue to rise year-over-year in August 2024: report

cost

Sep. 6, 2024 By Ethan Marshall The average rental price for housing units across Queens went up 4.07% year-over-year in August 2024, according to a report by the real estate firm M.N.S. Real Estate. Queens had its overall rental price jump from $2,812 in August 2023 to $2,926 in August 2024. Studios, one-bedroom, and…

Average rental price in Queens continues upward trend in July 2024: report

rental

Aug. 14, 2024 By Ethan Marshall The average rental price for all units in Queens rose 6.76% year-over-year in July 2024, according to a report by the real estate firm M.N.S. Real Estate. This jump continues an upward trend seen in the previous month. The overall average rental price in Queens jumped from $2,734…

Median rent in northwestern Queens drops as market outlook weakens: report

northwest

Nov. 14, 2023 By Ethan Marshall The median rent in northwest Queens plummeted in October, down 9.4% from September, according to a market report recently released by the real estate firm Douglas Elliman. The amount paid to rent an apartment in northwest Queens — covering Astoria, Long Island City, Sunnyside and Woodside — had a median…
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Report for September 2023 shows slight decrease in average rental price in Queens

report

Oct. 18, 2023 By Ethan Marshall According to MNS Real Estate’s September 2023 rental market report for Queens, there was a 0.23% decrease in the average rent compared to the previous month, from $2,811.34 to $2,804.94. However, the average rental price is still 4.41% more than in September 2o22. The report shows that, compared to August, the average rental price for a studio unit went down 0.78%, from $2,239.70 to $2,222.19. However, the average rental price for a one-bedroom unit increased 0.40%, from $2,736.71 to $2,747.66. Two-bedroom units also experienced an increase, from $3,415.06 to $3,444.97, for a 0.88% rise….
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