Pittsford NY Real Estate Market Report February 2016

Pittsford New York Real Estate Report – February 2016

Want to see what has gone on in the Pittsford real estate market during the month of February along with year over year comparisons?  Here is the Pittsford NY real estate market report February 2016 edition.

Pittsford NY Real Estate Market Report

Pittsford NY Real Estate Activity For February 2016 vs. February 2015

In February 2016 there were 8 homes that closed during the month for Pittsford NY real estate.  This is 8 fewer homes sold than the 16 homes that closed in February 2015.

• The average sale price for the homes that closed in February 2015 was $236,794.
• The average sale price for the homes that closed in February 2016 was $289,988.
• The average market time (aka Days on Market) for the homes that closed in February 2015 was 65 days.
• The average market time (aka Days on Market) for the homes that closed in February 2016 was 41 days.
• The total amount of volume for the homes that closed in February 2015 was $3,788,700.
• The total amount of volume for the homes that closed in February 2016 was $2,319,900.

Homes Under Contract For February 2016

There were a total of 40 homes in Pittsford NY that were under contract or sale pending through February 29th, 2016 (of the 40 total homes, 16 homes went under contract during February 2016).  The average market time for these 40 homes was 46 days.  The average list price for these homes under contract was $350,696.

Current Pittsford, NY Homes For Sale Inventory Levels

There are currently 116 homes on the market in Pittsford NY.  The average list price is $426,092.  The average market time for these homes is 74 days.  Homes in Pittsford NY are selling in about 30-45 days, if priced properly.  The market absorption rate, as of March 1st, 2016 was 3.73 in Pittsford.  This means that if no other homes in Pittsford were put on the market, it would take 3.73 months to deplete the remaining homes on the market.

How can both buyers and sellers have an advantage in the Pittsford NY real estate market?  Employ the services of a local Pittsford 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 Pittsford NY Homes for Sale

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

Other February 2016 Greater Rochester NY Real Estate Market Reports

• Rochester NY Real Estate Market Report February 2016
• Henrietta NY Real Estate Market Report February 2016
• Brighton NY Real Estate Market Report February 2016
• Penfield NY Real Estate Market Report February 2016
• Webster NY Real Estate Market Report February 2016
• Irondequoit NY Real Estate Market Report February 2016

About the authors:  The above information regarding the “Pittsford NY Real Estate Market Report February 2016” 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.