Hi Friends! It’s the first Saturday of the month, so the latest stats are headed your way! It’s also 4th of July weekend, so we’ll be quick and to the point, so you can enjoy all the festivities that Rochester NY has to offer. All the numbers you need are here in our Housing Stats for Rochester NY post. Let’s take a look at the recent numbers!
Currently, 2357 homes are on the market with a median price of 160k. That’s a little on the high side from where the median normally is. Keep in mind that we are in the midst of a hot new construction market and many builders have would-be homes listed; very expensive would be homes listed because now is the time to build them.
Of homes that were listed in the last 30 days, 233 properties have gone under contract in an average of 3 days on the market. Yes, that fast. Just be pre-approved and prepared. New homes come on the market every day and you’ll be ready. I can help.
In the last 30 days, 686 homes have closed at an average of 99% of the asking price. The median sale price was 146k. Just a little side note: Homes that are fairly priced at market value, really do deserve a fair market value offer. Trusted real estate professionals have access to the multiple list system and those who are diligent, accurately determine the right price. For Sale By Owners do not have access to this information or experience in negotiating a fair price.
The summer market is sizzling in Rochester. While there are still pockets where the inventory is still low, we are starting to see a more balanced market. As interest rates continue to remain low, more first time buyers will qualify. Those who already own a home are wise to consider a move up home now, rather than waiting. Or, maybe you want to use the equity in your home to redesign it and embrace a new space. Either way, contact us today!