At the Popoli Real Estate team, we not only love to support small business with our blog, we also strive to provide great real estate resources. The 3rd Quarter GRAR Housing Statistics are out and we’re on top of it! Here are the highlights:
The inventory is down.
The number of listings is down from this time last year, by 8.3%, but fear not. The number of listings since the end of September has increased by 9.6%.
Sales have increased.
When we compare last year to this year, sales are up by 8.4%; that’s 4,020 transactions compared to 3,708 during the same period last year. Webster, Irondequoit, Parma and Hamlin, showed the most gains.
The average sale price increased.
The median sale price rose 6.7 percent to $136,000 and pending sales rose 3.9 percent. It’s looking like the 4th quarter will be strong. You can be in a new home for the holidays.
These statistics reflect all of the counties, but let’s take a snapshot of just Monroe County in the past 30 days.
Active listings:
Currently there are 2710 homes listed in the system as active.
Pending Transactions
Of homes that were listed in the last 30 days, 84 have gone under contract in an average of 4 days on the market. The good ones go and they go fast.
Closings
In the last 30 days, 562 homes have closed at 97% of their asking price. We did see a slight decrease in the average sale price as these closings reflect end of the summer purchases that may have sold for slightly less than their early spring counterparts.
What do all these numbers mean to you?
Inventory is steadily increasing. If you are considering making a move (and perhaps a tax break) it’s an excellent time especially since we are seeing an overall increase in the median price of homes. If you are making a purchase, there are still great interest rates to take advantage of. If you didn’t find what you were looking for this summer, chances are, it’s coming to the market soon, and don’t forget that you can put our experience to work for you and build it!
Your numbers will really depend on where you live and the condition of your home. We are always happy to provide a free market trend report so that you can stay on top of the market too! Have a safe and happy Halloween. Contact us today to help you find the perfect castle!
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