Summertime is house selling time.
This month marks the true beginning of summer. Traditionally this is a great time for house sales. However, the Greater Rochester Area, Monroe and surrounding counties as well as the Finger Lakes and Southern Tier regions are currently experiencing what the rest of the nation is, a lower than normal volume of home sales. But don’t fret, continue reading.
Why is this happening? Is this good or bad?
The why is varied. Many factors go into the local housing market, from jobs, employment rate, mortgage rates, etc. We are not economists, so the answer it out of the realm of our expertise. What we do know is this is a good thing if you are looking to sell!
The median home sale price went up to $138,000 in quarter 1 of this year, according to Greater Rochester Association of REALTORS®. A very significant increase from last year’s price of $130,000 for Monroe County. This is great news for sellers. Combine that with the lower average of houses on the local market, and you have the potential to get more for your house than in previous years.
So what should you do now?
Well if you are looking to sell, the first thing you should do is contact us. We have the experience and knowledge to guide you through this type of real estate market space. We will also provide you with the necessary steps to make sure your house has the curb appeal to help ensure a higher than average sale price. As well as many other insights on the whole selling process. We are here to help you sell as quick and profitable as possible.
If you are looking to buy, contacting us is he first step in owing your first or next home. The current real estate market makes it hard for home buyers to go it alone. Having a dedicated Buyer’s Agent at your side to help you navigate the ins and outs of buying a home in this particular market is what our Buyer’s Agents do best. One of our agents can provide you with information, knowledge, and direction to help make your dream of new home ownership or your next home a reality.
And don’t forget to enjoy the wonderful weather. As we all know it doesn’t last long here in Western NY, so soak up the sun and have some fun!