Welcome, November. It’s the first Saturday of the month which means it’s time to take a look at the Rochester Homes Report for October 2017. Late fall is an excellent time to make a move so you can be in your home and ready for the new year. Let’s take a look:
In the last 30 days, 586 properties were listed with an average sale price of 139K. It’s a slight increase from the number listed in September. Trends are showing that we are headed toward a more balanced market.
Of homes listed in the month of October: 159 have already gone under contract with a median price of 130k. The average days on the market was four. We anticipate as the market begins to balance that homes will stay on the market a little longer as buyers will have more options to choose from.
In the last 30 days, 583 properties have sold with a median closed price of 131k at 99% of the asking price!
As we hit the November market, many ask whether they should sell their home during the holidays. That’s a great question. The answer is “Yes!” The most serious buyers are looking during the holidays and making a plan for the New Year. Many company transfers and hires take place by the end of the year and people will need to find a new nest! If you do plan on putting your property on the market, stay tuned for a future blog with timely tips.
The Rochester Homes Report this month shows trends of moving toward a more balanced market. However, it’s important to keep in mind that our report only speaks to averages. Location, condition, and pricing all play an important role and can vary from neighborhood to neighborhood. If you have any questions, or you’re curious about your home’s value, contact me today and get a free market value report with no strings attached.