It's time for another look inside the market in eastern Monroe County. Again, I collected information for sales in Brighton, Pittsford, East Irondequoit, Webster, Penfield, and Perinton in the past week. However, I decided to begin focusing my weekly reports on homes that went under contract rather than closed.
Why? Two reasons. First, many sold homes aren't recorded immediately upon closing, which means my numbers could end up being very skewed. And second, contracts are actually a better indicator of the current market conditions than closings. Closed homes could have gone under contract months ago, which doesn't reflect on which properties are moving now! Instead, at the end of every month, I'll look back on what sold in that month.
So, without further ado, here are the listings that went under contract this past week:
Three of the listings that went under contract were in Perinton, one was in Penfield, and one was in East Irondequoit. Surprisingly, three of the listings were priced over $200,000, and only two were in the under-$150,000 range that's being snatched up by first-time home buyers.
The days on the market tended to be longer for the over-$200,000 listings, except for the one in Penfield, which received an accepted offer after only 11 days.
I expect to see more contracts in the lower price ranges as the tax credits wind to a close. Buyers have less than 100 days left to take advantage of this amazing opportunity! If you or someone you know would like more information about the tax credits, don't hesitate to contact me!
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