Current Housing Market Conditions
Cornwall NY Housing Market Report November 2014 Update
The Cornwall NY housing inventory continues to drop. The month of November is down 10% from October. Seems that our new contracts written in November more than doubled over the previous month. Pricing has not changed much and the homes in the lower end of the spectrum are what is currently selling. New listings are also in the price range that is moving inventory. Higher priced homes are taking a bit longer to sell, and the inventory of homes over $400K is 28% of the current active listings. Sellers need to price their home properly from the start to attract buyers. Buyers do have choices even though the inventory is down. There are three “to be built” new construction homes available, and there is one new home under construction at this time.