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Sharing the Good News About the Rochester Real Estate Market!

By
Real Estate Agent with Re/Max Plus

I was just thinking today about how long it has been since I've posted a blog entry! In additional to having a slight case of writer's block, I've also been busy lately, which is a fantastic thing!! Still, I apologize for my absence.

 

As my first blog post in weeks, I thought it would be a great time to share some positive news about the Rochester real estate market. Luckily, there has been plenty of good news lately. It's shaping up to be a fantastic Spring market!

Upward ChartThe first article I want to share, Home sales ascending nationally and in Rochester area, was in the Democrat and Chronicle yesterday, March 24th. It focuses on the recent rise in our local home sales and how the $8,000 first-time home buyer tax credit should rev up our early Summer sales even more. The most poignant quote for me was when Chuck Hilbert, the president of the Greater Rochester Association of Realtors, said, "What people don't realize is this is also a great sellers' market." Most people don't realize it, but sellers are very well positioned at this point as we make the turn back to a seller's market!

The second article, Rochester real estate market in stable condition, comes from WHEC-TV, where it was posted on March 23rd. It touts the stability of our local market when compares to most of the country. It also cites some telling statistics: the Rochester area saw 6.9% more purchase offers this month compared to last month, and our inventory is down 13%... both fantastic signs! Again, Chuck Hilbert says, "Inventory is selling, but it's not being replaced. So actually what we need in the marketplace today is listings. We need more sellers to start putting their houses for sale."

 

Who knew things in Rochester were so great? What are you waiting for??

 

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Kristen Wahl

Contact:
Kristen Wahl
Realtor
(585) 455-5524
KWahl@RealtyUSA.com