Hello, October! It’s the first Saturday of the month which means it’s time to check out the Rochester NY Real Estate Stats for September. As we change seasons, it’s a great time to think about starting the journey to your dream home, here’s why:
In a fall market, we often see investors making changes in their portfolios before the year’s end. If you have ever considered investment properties as part of your financial portfolios, now is a great time to start your search.
Fall market buyers are ready to be somewhere before the snow flies. They’ve usually done their research and their homework in getting pre-approved.
There are some sellers who may have missed the mark when it came to pricing their homes, and they’re still here! Be careful, however, to understand market conditions. Contact us today! Don’t assume you’ll grab a house on clearance. They may actually have the right price now!
Let’s see how the real estate market has changed—
In the last 30 days, 538 properties were listed and are still available with a median sales price of 170k. The amount of inventory has remained the same, while the sale price has increased.
In the month of September, 201 properties are under contract with a median price of 145k. The average days on the market is 4 as homes are still flying off the market with more houses going under contract this month.
As of now, 549 homes closed with a median sales price of 147k. Sellers are still closing at 100% listed price.
If you do end up falling in love with a new home this season, don’t wait! We would love to help you get your real estate journey started and help you find a realtor that fits your needs. Connect with us today!