Rochester, NY housing market

In Rochester right now, homes are selling so fast that barely 1 in 100 listings ever needs a price cut. That tells you almost everything about this market. Sellers are pricing right, buyers are moving quickly, and the typical home here is now worth about two hundred forty-nine thousand dollars, up roughly 3 and a half percent over the past year. The bigger issue is what buyers have to work with. There are only about 360 homes for sale across the city, and the typical listing is under contract in around 19 days. Yes, about 530 new listings came on this month, but at this pace they get absorbed almost as fast as they arrive. The median asking price sits near two hundred twenty-five thousand dollars, well under that typical value, which suggests affordable homes are still drawing the strongest demand. For a homeowner thinking about selling, this is about as favorable as it gets. Price it realistically from day one and the market will do the rest. Overprice it and you will miss the buyers who act in the first two weeks.