The numbers of closed sales of single-family houses in the counties of Rockland and Orange climbed in December 2009 when compared to 2008 figures.
But, Orange County Board of Realtors CEO Ann Garti said that doesn’t necessarily mean the economy is turning around.
“I can’t say that I believe it’s a sign that we’re out of it so much as a sign that the $8,000 tax credit is working very effectively, at least with first time home buyers,” she said. “As you know, that tax credit is due to expire April 30th. I think it remains to be seen what happens after that time.”
But, for now, closed home sales rose 57 percent in Orange County and by 15 percent in Rockland County year over year in December.
The average selling price of a single-family home in Rockland in December was $423,261, a decline of 13 percent. In Orange County, the average selling price was $282,740, a decline of five percent.
Source: Mid-Hudson News.
