It’s the first weekend of August which means it’s time to take a look at what’s been happening in real estate. Homes are still selling quickly due to low inventory. Sellers will get there best price now and buyers can take advantage of the still low interest rates. Here are some of the recent housing stats Penfield NY for the last 30 days:
112 homes were listed with an average list price of 280k.
Of homes listed since July 1st, 86 homes were listed as “under contract”. Median sale price was 222k. The average number of days on the market was 7. That’s fast! Don’t panic. We are full time experienced agents and we can help identify your needs to respond quickly when you are ready.
Since last month, 41 homes were recorded as sold (double from last month) with an average sale price of 197k. 100% of homes on average have received their asking price- this has been a great consistent percentage. Of course some homes went for over asking and some went a little under asking price but for the most part, people received their price and so will you!
If you’re selling, now is the time- homes are going fast! If you’re buying, you need to be ready for the same reason! If you’re selling and making a purchase it’s important to see the bigger picture. You’re going to get a great price on your home. You may pay a higher price on a home you purchase but it will all even out. Interest rates are great now but are predicted to rise. Waiting will cost you. We can help you navigate which options are the best for you. And, we’ll be honest with you if a move isn’t really in your best interest. Let’s find out. Contact us today!