Rochester NY Real Estate Market Report November 2014

Kyle Hiscock

Re/Max Realty Group

Have questions about buying or selling a home?

Ask Now!

Rochester New York Real Estate Report – November 2014

Want to see what has gone on in the City of Rochester real estate market during the month of November 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 November 2014 vs. November 2013

In November 2014 there were 54 homes that closed during the month for Rochester NY real estate.  This is 40 less than the 94 homes that closed in November 2013.

  • The average sale price for the homes that closed in November 2013 was $84,070.
  • The average sale price for the homes that closed in November 2014 was $97,348.
  • The average market time (aka Days on Market) for the homes that closed in November 2013 was 32 days.
  • The average market time (aka Days on Market) for the homes that closed in November 2014 was 42 days.
  • The total amount of volume for the homes that closed in November 2013 was $7,902,581.
  • The total amount of volume for the homes that closed in November 2014 was $5,256,802.

Homes Under Contract For November 2014

There were a total of 274 homes in Rochester NY that were under contract or sale pending through November 30th, 2014 (of the 274 total homes, 43 homes went under contract during November 2014).  The average market time for these 274 homes was 51 days.  The average list price for these homes under contract was $70,513.

Current December Homes For Sale Inventory Levels

There are currently 496 homes on the market in Rochester NY.  The average list price is $72,071.  The average market time for these homes is 82 days.  Homes in Rochester NY are selling in about 30 days, if priced properly.  The market absorption rate, as of December 1st, was 5.11 in Rochester.  This means that if no other homes in Rochester were put on the market, it would take 5.11 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 November 2014 Greater Rochester NY Market Reports


About the authors:  The above information regarding the “Rochester NY Real Estate Market Report November 2014” 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.

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

Comments

comments

Have questions about real estate? I'm here to help.

Get In Touch

Contact Me!

chat_bubble
Rochester NY Real Estate Market Report November 2014
Please use a valid email.
Please use a valid phone.
Please fill in all fields.
view now
close
label_importantlabel_importantAre You Thinking About Buying Or Selling A Home In 2018?
Let's Talk About Your Plans!
Share2
Tweet
+1
Share1
Pin2
5 Shares
X