This week, I'm combining my (late) market report with some other statistics about area home sales I thought my readers might find interesting.
First, the Western Wayne County market snapshot for today:
|
|
Macedon |
Walworth |
Palmyra |
|
Active |
49 |
63 |
36 |
|
Average List Price |
$173,954 |
$183,807 |
$124,942 |
|
|
|
|
|
|
Pending |
8 |
15 |
10 |
|
Average List Price |
$139,250 |
$153,473 |
$101,450 |
Now for the real news.
Are the number of home sales down in the Rochester area? Yes, no doubt. The Greater Rochester Association of Realtors recently announced that single-family home sales are down 15.8% compared to one year ago.
But, there's a bright side to our local market, and it's arguably more important than the number of homes currently selling. The average sale price of homes in the Greater Rochester area remained the same at $117,000. I repeat... less homes are selling, but our values are not dropping! That's huge!
Also, while national foreclosure rates are up 25% since this time last year, the foreclosure rates in New York State are down 42%. In Monroe County, which never even saw a huge increase in the first place, foreclosures are down 15%. That's great news for the national housing market. Once more states get their foreclosure rates under control, the market can really begin to stabilize.
Just take a deep breath and remember, Rochester is actually a great place to be!
Sources: WROC-TV and the Democrat and Chronicle
***
Kristen Wahl is a licensed sales agent with RealtyUSA in the Rochester, NY area. RealtyUSA is the largest independently-owned real estate company in New York State. Call Kristen at (585) 455-5524 or visit www.KristenWahl.com to see how she and her company can make the purchase or sale of your home a positive experience!
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