July is here and the heat is on! It’s the first Saturday of the month, so let’s take a look at the Pittsford, NY Average Sale Price and more! While we are still in a real estate market of low inventory that favors sellers, we are seeing reasons for buyers to be encouraged. Here are the highlights from June:
At the present time, 103 properties are listed and are still available with an average sale price of 450K. There has been a 16% increase of homes listed in June over those listed in May.
Of homes listed currently, 80 have already gone under contract with a median price of 362k. The average days on the market continues to be short and sweet, particularly for homes that have the 3 key factors: location, condition and a competitive price. This month the average was 7 days on the market.
In the last 30 days, 47 properties have sold with a median closed price of 340k at 100% of the asking price! The number of closings went up by 161% from May to June, as many who were out and about in the early spring market moved into their homes.
As reflected in the statistics, we are currently seeing a decent increase in the number of homes listed. We are hopeful this trend will continue into the fall real estate market as well. Some may consider putting a home search on hold for another year because purchasing a home this month may not hit a closing date before school begins again. However, it’s important to keep in mind that many school districts will allow your children to start the school year with proof of a purchase contract. Some districts allow up to 30 days, others 45 and still others 60 days. Given these alternatives, there is still plenty of time to settle into a new school. If you’re staying in the same school district, you’re all set. If you’re not affected by school districts, there’s even more time before the sn%* flies.
If you are thinking about moving, make sure that you have the right person on your side. Contact me today!