Hello November! It’s the first weekend of the month and time to take a look at what’s happening in the Greece, NY housing market. We’re encouraged by current activity which suggests that we are moving toward a more balanced market. You can get all the details in the latest 3rd quarter report from the Greater Rochester Association of Realtors.
In the meantime, we’re ready to talk about the October Housing Market stats:
Currently, 86 properties were listed and are still available with a median sales price of 140k. This is a large decrease in sale price and listed properties. Again giving us a glimpse at the market returning to normal.
Presently, 28 properties are under contract with a median price of 130k. The average days on the market is 6 as homes continue to sell quickly it will be interesting to see how these numbers change with inventory getting smaller.
As of now, 86 homes closed with a median sales price of 139k, an almost 10k jump in closing prices since September. Sellers are still closing at the listed price, and we will continue to keep a close eye on the market trends.
With Halloween behind us, the holidays are just around the corner. While some might consider taking their homes off the market or waiting to purchase until next year, it’s best to keep moving forward. Serious buyers will be adding a new home to their holiday wish lists as they want to grab a good mortgage before the interest rates go up.
There is no need to worry, as we know how to connect you with all the right resources to make your move go as smoothly as possible. Regardless of the season, you should make the move that’s right for you and your business’s marketing plan, contact us today