Rochester NY Real Estate Market Report January 2016

Rochester New York Real Estate Report – January 2016

Want to see what has gone on in the Rochester real estate market during the month of January along with year over year comparisons?  Here is the Rochester NY real estate market report January 2016 edition.

Rochester NY Real Estate Market Report

Rochester NY Real Estate Activity For January 2016 vs. January 2015

In January 2016 there were 62 homes that closed during the month for Rochester NY real estate.  This is 9 fewer homes than the 71 homes that closed in January 2015.

• The average sale price for the homes that closed in January 2015 was $68,887.
• The average sale price for the homes that closed in January 2016 was $85,949.
• The average market time (aka Days on Market) for the homes that closed in January 2015 was 40 days.
• The average market time (aka Days on Market) for the homes that closed in January 2016 was 42 days.
• The total amount of volume for the homes that closed in January 2015 was $4,890,950.
• The total amount of volume for the homes that closed in January 2016 was $5,328,822.

Homes Under Contract For January 2016

There were a total of 271 homes in Rochester NY that were under contract or sale pending through January 31st, 2016 (of the 271 total homes, 81 homes went under contract during January 2016).  The average market time for these 271 homes was 53 days.  The average list price for these homes under contract was $61,406.

Current Rochester, NY Homes For Sale Inventory Levels

There are currently 400 homes on the market in Rochester NY.  The average list price is $75,356.  The average market time for these homes is 87 days.  Homes in Rochester NY are selling in about 30-45 days, if priced properly.  The market absorption rate, as of February 1st, 2016 was 4.00 in Rochester.  This means that if no other homes in Rochester were put on the market, it would take 4.00 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 January 2016 Greater Rochester NY Real Estate Market Reports

• Greece NY Real Estate Market Report January 2016
• Henrietta NY Real Estate Market Report January 2016
• Brighton NY Real Estate Market Report January 2016
• Victor NY Real Estate Market Report January 2016
• Penfield NY Real Estate Market Report January 2016
• Ontario NY Real Estate Market Report January 2016
• Webster NY Real Estate Market Report January 2016
• Irondequoit NY Real Estate Market Report January 2016

About the authors:  The above information regarding the “Rochester NY Real Estate Market Report January 2016” 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.