Housing Stats for the Rochester New York Market

Real Estate Agent with RE/MAX Realty Group NYS# 30BA0740535
The Greater Rochester housing market saw an increase in New Listings of 2.7 percent in the month of April compared to one year ago. The rise last month was the first in six months for the region which has mimicked the nationwide trend.
With fewer homes for sale in recent months, Pending Sales and Closed Sales were both down in April by 6.9 percent and 19.2 percent, respectively. The Median Sales Price continued its upward trend rising by 11.3 percent to $138,000 from $124,000 in April 2017.
Some local markets of note include Chili with increases in Homes for Sale (+16.11%), New Listings (+9.5%), and Closed Sales (+18.2%). Closed Sales were also up in Parma/Hilton, Sweden/Brockport, and Victor. The rise in New Listings was led by Canandaigua (+85.2%), Parma/Hilton (+33.3%), Ogden/Spencerport (+31.8%), Penfield (+22.2%), East Rochester (+22.2%), Gates (17.8%), and Pittsford (+11.7%) along with the counties of Steuben (+25%), Orleans (+21.8%), Genesee (+19.6%), Seneca (+11.1%), and Wyoming (+6.5%).
The overall economy continues to favor the housing market with wages and consumer spending up. Mortgage rates, although still historically low, have begun to creep upward. This, together with low inventory levels, likely contributes to the willingness of buyers to pay more before rates further climb.
This information is compiled by the Greater Rochester Association of Realtors.

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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

May 23, 2018 05:49 AM #1
James Grant
Asheville, NC

Good Morning, Steve,  Thank you for the update on the housing market in New York. Have a Nice Day!

May 23, 2018 06:05 AM #2
Michele Cadogan-Cell 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Thanks for sharing this real estate housing market report  ,

 of the Rochester New York market.  It is always interesting to know how other regions in the state are doing.

May 23, 2018 07:20 AM #3
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Steve Babbitt

Past President of the Rochester Realtors
How's real estate in Rochester?
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