It’s the first weekend of the month! You know what that means- our monthly Greater Rochester Housing Stats Report is here. We’ll share the average sale price and some other fun stats. Whether you own a home, are thinking about buying one or pretending you own the home you’re renting, it’s always a great idea to understand current trends in the real estate market. We’ve got the scoop from the past 30 days in our Greater Rochester Housing Stats Report.
Currently, 464 homes were listed in the month of February and are still for sale. The average median list price is $154,900.
Of homes listed in the past 30 days, 207 have gone under contract with a median sales price of 148k. The average days on the market was 3! Yowsa! In a market of low inventory, houses can fly off the market in no time, especially ones fairly priced, in excellent locations and in great conditions. Don’t worry about flying houses Dorothy, we work with trusted mortgage professionals and we’ll have your ruby shoes headed in the right direction in no time by making sure you are pre-approved.
In the past 30 days, 351 homes have sold. The average sale price was 132k which is a slight increase over last month.
Due to some unseasonably warm winter weather (oh, how we do love the roller coaster ride), the spring market heated up early this year. Interest rates are still super low. Catch them before they rise. New properties are listed every day, so it’s a great time to consider making your move. Actually, studies show that owning a home can make you happier and healthier. You’ll benefit more than just financially.
The spring market is here, even though our weather can’t decide what season it is. Knowing your numbers is always a great idea as they will affect your financial future. Contact us today, and we’ll send you a complimentary value report.