Mendon, Henrietta and Pittsford Market Update for Aug. '08

Real Estate Agent with Nothnagle Realtors

Second Quarter statistics from NAR and July's monthly Real Estate activity report from GENRIS are in.  For Mendon, Henrietta and Pittsford, NY, once again a mixed bag. 

For zip code 14506 in Mendon, days on market have improved--10 days average! Price appreciation is 2.68% average.  For zip code 14467 in Henrietta, days on market is averaging 30 days and -6.22% drop, for zip code 14534 in Pittsford, 35 days on market and -6.71% drop.

For the MLS area as a whole, closings rose over June by 14.4%, but are off 11% year to year.  Median sales price is up 5.7% over the month, but off 0.4% year to year.

According to NAR's scale of 1-5 (1 being a pure buyer's market and 5 being a pure seller's market), Monroe County is 3, balanced between buyers and sellers.

With interest rates at continued lows and the awareness of the new $7500 refundable tax credit, the market should improve through the Fall into next Spring.

If your thinking of buying or selling in the area, or want more information, contact me at .

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