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Rochester New York Real Estate Report – February 2015
Want to see what has gone on in the Rochester real estate market during the month of February along with year over year comparisons? Here is the Rochester NY real estate market report February 2015 edition.
Rochester NY Real Estate Activity For February 2015 vs. February 2014
In February 2015 there were 52 homes that closed during the month for Rochester NY real estate. This is 9 less than the 61 homes that closed in February 2014.
Homes Under Contract For February 2015
There were a total of 247 homes in Rochester NY that were under contract or sale pending through February 28th, 2015 (of the 247 total homes, 64 homes went under contract during February 2015). The average market time for these 247 homes was 59 days. The average list price for these homes under contract was $65,566.
Current Rochester, NY Homes For Sale Inventory Levels
There are currently 377 homes on the market in Rochester NY. The average list price is $80,164. The average market time for these homes is 90 days. Homes in Rochester NY are about 45 days, if priced properly. The market absorption rate, as of March 1st, 2015 was 3.62 in Rochester. This means that if no other homes in Rochester were put on the market, it would take 3.62 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 February 2015 Greater Rochester NY Real Estate Market Reports
About the authors: The above information regarding the “Rochester NY Real Estate Market Report February 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.
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