November Real Estate Stats
December has arrived and the holiday countdown has officially begun! Get ready, because we’re going to jump right into the real estate stats from November. Although it’s a little chilly outside, it’s still worth taking some time out of your holiday online shopping to see what great house Santa may have in his sack. Sellers this time of year are serious and so are buyers. Let’s see what’s happening.
Currently, Penfield has seen 65 active listings with a median sales price of 295k. The number of active listings has seen a drastic decrease since last month. If you’re looking, make sure you have a trusted realtor who is meticulous about watching the market for you before your dream home comes flying off the shelf!
At this time, there are 50 homes that are pending under contract with a median price of $175k. The average amount of days on the market is 10, which is an increase since last month.
In November, 26 homes closed with a median sales price of 305k, which is a small increase since October. Sellers are still closing at the listed price despite the increases and decreases. This market has taken some interesting turns in the past few months; which is why we stay on top of it so that you don’t have to!
As we take a glimpse into the new year that is on the horizon, we should see the housing market start to finally shift with modest inventory gains and increases in mortgage rates. According to Realtor.com, the road may be a little hard, however, it’s not impossible. If you focus in on our local community, you will see that our market numbers are predicted to remain steady. Which can not be said for other places through the United States. As the housing market changes are you looking to make a move into a new home? Connect with me 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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