Welcome Fall! And, welcome to a very strong fall market. With interest rates still at all time lows and a more balanced field of buyers and sellers, it’s a great time to make a move! Let’s see what’s happening in the Penfield Market:
Currently there are 90 properties listed as active with a price that ranges from 85k to 595k.
Of homes that were listed in the last 60 days, 25 properties have gone under contract in 10 days or less. The average sale price is $188k
In the last 60 days, 73 properties have closed at 95% of the asking price. The average sale price is up 28% from August to September.
What does it mean for you?
Interest rates are still at an all time low, so it’s a great time to buy. 90 properties will provide some good choices. Be sure to get your finances in order before you start looking.
Fall is a great time to buy a home:
Year End Tax Breaks
Stay Ahead of Winter
Home for the Holidays
Increased Home Choices(read the rest of this article from Realtor.com)
In terms of selling, we have seen an increase in the average sale price. Take advantage of this trend before even more houses are on the fall market and the competition increases.
Whether or not a move is in your future, we are hoping a great fall adventure is.
So much to see and do in the Rochester area. Please take advantage of these great guides:
Our goal is to provide every real estate and community resource we can, so that you absolutely love where you live! We love what we do and we’re ready to help!