Year End Housing Sales 2015 Cornwall NY
The 2015 numbers are in for the Cornwall NY single family home sales. Home sales in Cornwall are up 34% this year compared to last. A dramatic increase in sales of homes in not only the lower end of the market, but also in the higher price points. Pricing averages are lower, but higher end homes are selling and in demand. Only 5 short sales closed for the entire year, which is great news. Our absorption rate is down this year to 7.03 months. Lower inventory means pricing can start to increase. This is great news for sellers as there is much less competition for their home to sell. Buyers may have to wait until the spring rush if inventory doesn’t start to increase, or worse, find another location to buy a home.