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May 2021 Sales Data For Single Family Homes In Coram
As of May 2021, there were only 31 single family homes available in Coram, down from 60 in May 2020.
With so few homes available, those that do hit the market are gobbled up at record pace.
Since 318 homes have entered into contract over the past 12 months, it would take 1.2 months to sell all 31 homes on the market at this rate of sale, something referred to as the absorption rate.
Median values of pending sales for single family homes in Coram rose 17.8% between May 2020 and May 2021 from $365,000 to $430,000.