Penfield NY Real Estate Market Report May 2015

Penfield New York Real Estate Report – May 2015

Want to see what has gone on in the Penfield real estate market during the month of May along with year over year comparisons?  Here is the Penfield NY real estate market report May 2015 edition.

Penfield NY Real Estate Market Report

Penfield NY Real Estate Activity For May 2015 vs. May 2014

In May 2015 there were 25 homes that closed during the month for Penfield NY real estate.  This is 8 less than the 33 homes that closed in May 2014.

• The average sale price for the homes that closed in May 2014 was $204,261.
• The average sale price for the homes that closed in May 2015 was $218,846.
• The average market time (aka Days on Market) for the homes that closed in May 2014 was 48 days.
• The average market time (aka Days on Market) for the homes that closed in May 2015 was 36 days.
• The total amount of volume for the homes that closed in May 2014 was $6,740,600.
• The total amount of volume for the homes that closed in May 2015 was $5,735,988.

Homes Under Contract For May 2015

There were a total of 105 homes in Penfield NY that were under contract or sale pending through May 31st, 2015 (of the 105 total homes, 42 homes went under contract during May 2015).  The average market time for these 105 homes was 37 days.  The average list price for these homes under contract was $218,846.

Current Penfield, NY Homes For Sale Inventory Levels

There are currently 141 homes on the market in Penfield NY.  The average list price is $273,400.  The average market time for these homes is 50 days.  Homes in Penfield NY are selling in 30-45 days, if priced properly.  The market absorption rate, as of June 1st, 2015 was 3.99 in Penfield.  This means that if no other homes in Penfield were put on the market, it would take 3.99 months to deplete the remaining homes on the market.

How can both buyers and sellers have an advantage in the Penfield NY real estate market?  Employ the services of a local Penfield real estate agent who has vast knowledge and experience of the market.

The above statistics are ONLY single family homes and do not include condominiums or multi-family homes.

Find Penfield NY Homes for Sale

For a complete list of available real estate in Penfield NY, visit Penfield NY Homes for Sale.  Make sure to subscribe to our blog so you don’t miss out on any Penfield homes.  Contact us to find out what your Penfield NY home is worth and to discuss your housing needs.

Other May 2015 Greater Rochester NY Real Estate Market Reports

• Victor NY Real Estate Market Report May 2015
• Webster NY Real Estate Market Report May 2015
• Ontario NY Real Estate Market Report May 2015
• Irondequoit NY Real Estate Market Report May 2015

About the authors:  The above information regarding the “Penfield NY Real Estate Market Report May 2015” was provided by the Keith Hiscock Sold Team.  Keith Hiscock & Kyle Hiscock have over 30 years combined experience.  If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY.

Visit our website at www.HiscockHomes.com & our blog at www.RochesterRealEstateBlog.com.