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Market report as of end of April, 2008

By
Real Estate Agent with Nothnagle Realtors

Still a mixed bag, some good and some could be better.

For the Greater Rochester area in the month of April vs. March, there's been an increase of 27.9% in closings, 12.8% increase in purchase offers accepted and a 7.4% increase in the median sales price.  For the period of April '07 to April '08, there's been a -5.5% in closings, -8.6% in purchase offers accepted and a 4.4% gain in median sales price.

YTD there are -2.0% in homes listed for sale, 2.8% median sales price, -12.3% in closings and a 0.9% gain in average sales price.

It seems there are good/bad news points for both buyers and sellers.  It'll be interesting to see the results for May, if there's a turn happening in either direction.

 

All statistics courtesy of the GRAR.

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