Market Update (4/09) for Henrietta, Mendon and Pittsford, NY

Real Estate Agent with Nothnagle Realtors

The most recent statistics for the Henrietta, Mendon and Pittsford, NY areas has just recently become available.  It points to a relative stable area of the country and may show that a bottom has been reached here.  Overall, the Rochester, NY median sales prices of existing homes on a year-to-year basis ('07-'08) show a decline of -0.8%, over a 5 year period ('03-'08) a gain of 17.7%.

In Henrietta, NY this is a one year decline of -3.8%, in Mendon, NY a gain of 2.7% and in Pittsford, NY, a decline of -3.9%.  Median sales prices for these areas are $125k, $241k and $248k, respectively.  NAR's report by zipcode shows a balanced market, rated 3 on a scale of 1-5.

Activity has increased in these areas, a busy Spring market is underway and the $8k tax credit is having an effect, numbers will be forthcoming in the next couple of months.

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