Rochester NY Real Estate Market Report August 2015

Kyle Hiscock
Published on September 21, 2015

Rochester NY Real Estate Market Report August 2015

Rochester New York Real Estate Report – August 2015

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

Rochester NY Real Estate Market Report

Rochester NY Real Estate Market Report

 

 

 

 

 

 

 

 

Rochester NY Real Estate Activity For August 2015 vs. August 2014

In August 2015 there were 94 homes that closed during the month for Rochester NY real estate.  This is 49 fewer homes than the 143 homes that closed in August 2014.

  • The average sale price for the homes that closed in August 2014 was $94,990.
  • The average sale price for the homes that closed in August 2015 was $96,720.
  • The average market time (aka Days on Market) for the homes that closed in August 2014 was 34 days.
  • The average market time (aka Days on Market) for the homes that closed in August 2015 was 29 days.
  • The total amount of volume for the homes that closed in August 2014 was $13,583,540.
  • The total amount of volume for the homes that closed in August 2015 was $9,091,680.

Homes Under Contract For August 2015

There were a total of 295 homes in Rochester NY that were under contract or sale pending through August 31st, 2015 (of the 295 total homes, 69 homes went under contract during August 2015).  The average market time for these 295 homes was 49 days.  The average list price for these homes under contract was $81,860.

Current Rochester, NY Homes For Sale Inventory Levels

There are currently 554 homes on the market in Rochester NY.  The average list price is $76,800.  The average market time for these homes is 75 days.  Homes in Rochester NY are selling in about 45-60 days, if priced properly.  The market absorption rate, as of September 1st, 2015 was 5.49 in Rochester.  This means that if no other homes in Rochester were put on the market, it would take 5.49 months to deplete the remaining homes on the market.

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

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

Other August 2015 Greater Rochester NY Real Estate Market Reports


About the authors:  The above information regarding the “Rochester NY Real Estate Market Report August 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.

© 2015 – 2016, Kyle Hiscock. All rights reserved.

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