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Rochester New York Real Estate Report – October 2014
Want to see what has gone on in the City of Rochester real estate market during the month of October along with year over year comparisons? Here is our report of the Rochester NY real estate market.
Rochester NY Real Estate Activity For October 2014 vs. October 2013
In October 2014 there were 77 homes that closed during the month for Rochester NY real estate. This is 34 less than the 111 homes that closed in October 2013.
Homes Under Contract For October 2014
There were a total of 280 homes in Rochester NY that were under contract or sale pending through October 31st, 2014 (of the 280 total homes, 86 homes went under contract during October 2014). The average market time for these 280 homes was 46 days. The average list price for these homes under contract was $71,384.
Current November Homes For Sale Inventory Levels
There are currently 541 homes on the market in Rochester NY. The average list price is $76,761. The average market time for these homes is 76 days. Homes in Rochester NY are selling in about 35-40 days, if priced properly. The market absorption rate, as of November 1st, was 5.58 in Rochester. This means that if no other homes in Rochester were put on the market, it would take 5.58 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 October 2014 Greater Rochester NY Market Reports
About the authors: The above information regarding the “Rochester NY Real Estate Market Report October 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.
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