Rochester NY Real Estate Market Report May 2014

Kyle Hiscock
Published on June 13, 2014

Rochester NY Real Estate Market Report May 2014

Rochester New York Real Estate Report – May 2014

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

Rochester NY Real Estate Market Report

Rochester NY Real Estate Market Report

Rochester NY Real Estate Activity For May 2014 vs. May 2013

In May 2014 there were 76 homes that closed during the month for Rochester NY real estate.  This is 46 fewer than the 122 homes that closed in Rochester NY in May 2013.

  • The average sale price for the homes that closed in May 2013 was $85,532.
  • The average sale price for the homes that closed in May 2014 was $89,163.
  • The average market time (aka Days on Market) for the homes that closed in May 2013 was 47 days.
  • The average market time (aka Days on Market) for the homes that closed in May 2014 was 40 days.
  • The total amount of volume for the homes that closed in May 2013 was $10,434,881.
  • The total amount of volume for the homes that closed in May 2014 was $6,776,382.

Homes Under Contract For May 2014

There were a total of 313 homes in Rochester NY that were under contract or sale pending through May 31st, 2014 (of the 313 total homes, 88 homes went under contract during May 2014).  The average market time for these 313 homes was 42 days.  The average list price for these homes under contract was $79,714.

Current May Homes For Sale Inventory Levels

There are 491 homes on the market in Rochester NY.  The average list price is $82,087.  The average market time for these homes is 78 days.  Homes in Rochester NY are selling in about 60 days if priced properly.  The market absorption rate, as of June 1st, was 5.28 in Rochester.  This means that if no other homes in Rochester were put on the market, it would take 5.28 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 May 2014 Greater Rochester NY Market Reports


 

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

© 2014 – 2016, Kyle Hiscock. All rights reserved.

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