The Greater Rochester Association of Realtor's quarterly report was sent out this morning.
The report states that jobs are increasing, unemployment is down (this one I wonder) and hourly and weekly earnings are up.
New listings for the area are up 9.6% totaling 6045 this year; pending sales are up 3.9% and inventory is down 8.3%. Dollar volume was up 14.5% and the median sale price was up to $136,000 a gain of 6.7%. The percent to original list price increased 0.8% to 95.3.
Sellers should be happy as months supply fell 14.3% and a 5.4 months.
The association thinks because of the economic outlook, interest remaining stable that the market should remain stable except for weather conditions the rest of the year.
My opinion is that if you are considering selling it is still time to close on the home in the area by the end of the year.
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