First weekend of the month which means it’s time to take a look at what’s happening in real estate. Inventory remains low, as do the interest rates. It’s been awhile since days on market Rochester NY has hit double digits. We are seeing a glimpse of more listings this past week so it looks like a more balanced market is on the way. Here’s what the Monroe County Housing Stats look like:
In the last 30 days:
752 homes were listed with an average list price of 170k, which is within 3k of last month.
278 homes were listed as “under contract”. Average days on the market Rochester NY? 3! Prices range from 18k to 1.2 million, with an average median price of 135k. The market is still moving quickly, so it literally pays to be represented by an experienced agent who can help you put your best offer forward.
497 homes were recorded as sold with an average sale price of 145k. 99% of homes on average have received their asking price. In a significant number of cases, sellers are receiving over their asking price. NOW is the best time to sell.
Some sellers are concerned and rightly so that if they get a great offer on their home, they won’t be able to find a new one. Many buyers, at least the smart ones, will be willing to grant additional time for the homeowners to look for suitable property. As a full time, experienced agent, I’ve seen markets like this one before and I can help navigate the waters so that everyone ends up with a roof over their head. In some cases, some parties may have to move twice. The home of your dreams is worth it. With sellers receiving the very best offers and buyers receiving the lowest interest rates this year, everyone wins. Contact me today and let’s get started!