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Rochester Democrat and Chronicle The Greater Rochester Association of REALTORS has confirmed what many seeking a home already know it s a competitive seller s market. The group on Friday released First Quarter figures. While home inventory in Monroe County is about half of what was available on the market one year ago, those homes are selling for a higher price. Currently the median sales price of a home in Monroe County is $168,000, which is roughly 12% higher than the price at this time last year. In Ontario County, home inventory is down by 43% as the median sales price rose 14.5% to $190,000 since March 2020. ....
Rochester NY home sales prices are on the way up. Here's how much. democratandchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from democratandchronicle.com Daily Mail and Mail on Sunday newspapers.
“We didn’t know how crazy the market was until we started looking,” said Redmond. They wanted to put down roots in Rochester, where Redmond is a teacher and Mancuso, a nurse. They weren’t looking for anything extraordinary – though, of course, they had a wish list: a three-bedroom, two-bath with a spacious first-floor layout in a walkable community. Redmond said their real estate agent warned them right away they would have to be super competitive to land the house they wanted. For starters, an offer would need to be at least $10,000 over the asking price. They could do that. But they soon discovered that wasn’t nearly enough for a hot seller’s market fueled by a pandemic, low interest rates and other factors beyond their control. ....
Seller's market puts buyers at a disadvantage in Rochester region mpnnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mpnnow.com Daily Mail and Mail on Sunday newspapers.