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.
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.
The average sale price for the homes that closed in February 2014 was $58,218.
The average sale price for the homes that closed in February 2015 was $73,437.
The average market time (aka Days on Market) for the homes that closed in February 2014 was 57 days.
The average market time (aka Days on Market) for the homes that closed in February 2015 was 78 days.
The total amount of volume for the homes that closed in February 2014 was $3,551,284.
The total amount of volume for the homes that closed in February 2015 was $3,818,742.
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.
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.
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.