Well, hello apples and pumpkins and mazes, oh my! Yes, fall is here and it’s also the first Saturday of the month which means we’ve got the numbers for our monthly Homes in Penfield NY report. Let’s just say that there’s a harvest of opportunity friends! We anticipate a great fall market. Here’s the scoop of recent stats:
Currently, 97 homes in Penfield were listed and remain active with a median price of $292k
Currently, 81 homes in Penfield are pending, The average days on market was 16! Prices ranged from 52k to 529k
In the last 30 days, 26 homes in Penfield have closed, with a median price of 204k reflecting a stable price point when compared to last month.
What do the numbers mean to you? So glad you asked! As we expected, we are seeing a higher median price roll out now that everyone is back from summer vacation and adjusting to the school year. Those homes that have sold in the last 30 days, have sold quickly. Being pre-approved as opposed to pre-qualified is important and we can help. The median sale price is down slightly from last month in Monroe County. It’s a reflection of the end of summer market but not cause for concern as sometimes properties that were over-priced to begin with our reduced to the proper fair market value.
Fall is a great time to make a change! #leaves Traditionally, it’s the second strongest market besides the spring. We may not have as many buyers as we did, but the ones who are looking are serious. Current research indicates that interest rates will remain low, at least until the end of this year, so we anticipate a strong buyer pool that will want to be home for the holidays and some great new listings as well!
Even if a move is not in your future, fall is a great time to assess your properties fair market value. Knowing this number is important to your financial future and we can help. Contact us today!Read More