August Real Estate Market
Can you believe that it’s already September 1st? How did the summer fly by so fast? In honor of the first Saturday of the month, let’s take a look at the Penfield, NY real estate market stats from August.
Currently, there are 64 properties listed and are still available with a median sales price of 300k. This is a decrease in the number of homes listed when compared to the month prior, which tends to happen this time of year due to the shift in focus on the start of the school year. We’re also seeing a slight increase in the sales price.
Of the homes that were listed, 74 properties are under contract with a median price of 250k which was the exact same price as last month. The average days on the market is remaining steady at 7, which is still a reflection of a fast-paced market. That mean’s it’s still a great time to list a home!
In the last 30 days, 39 homes closed which was an increase over last month. The median close price was 230k. Although the median close price was down a tad, homeowners on average still received 100 percent of their asking price and then some!
Based on these stats, the market is still moving quickly, but that doesn’t mean we’re not noticing some different fluctuations. Depending on where you live, your area may not be seeing the increase in inventory that others have. The same hold true for the median price. As always, location and condition are crucial factors in how your home may sell. Not sure where to begin in the process of either buying or selling a home? My goal is to make your real estate experience as easy and stress-free as possible!
Even if an immediate move is not in your future, knowing your home’s value is still a great idea as it is a key factor in your financial future. If you have 30 minutes, we’ll have the stats for where you’re at.
If you’re looking for a head start on this year’s fall market, Connect with us today!
Penfield is a lively town, located on the southern tip of Irondequoit Bay and just outside of the City of Rochester. Follow this blog to discover more of what our town has to offer; from great local businesses to awesome events, we'll cover it all!
Courtney Dudek Licensed Real Estate Salesperson
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