School is back in session! And as long as we are encouraging our students to study hard, it’s a great time for us to study too! Let’s take a look at what the most recent numbers show for Fairport NY:
Currently there are 181 properties that are listed as active.
Keep in mind that most real estate agents do not change the status of a listing until the home inspection is negotiated. (By the way, we have a great guy!) So, while it may appear that it is for sale in the system, the home may already have a contract. The good news is, there are many great homes that really are available!
In the last 60 days:
25 properties have gone under contract ranging from 137k to 409k, in an average of 10 days or less. Again, when we consider that some of those days include the home inspection process, it truly is a quick paced market right now. What can you do? Your financial homework. Meet with a trusted mortgage professional (yes, we have a great guy) and understand your numbers before you look at the first house.
102 properties have sold at 96% of the asking price.
We have seen a small drop in the average sale price from July to August. Spring still remains the season with the highest volume and we often see this reflected in June and July numbers. Now that the school year is off to a great start, we will also see the beginning of a strong fall market as people make plans to be in a new home for the holidays.
If you’d like help on your homework, we provide market information every month in our newsletter as well as home tips and community information. If you are looking for a more detailed report on what the numbers mean in your neighborhood, we are happy to provide that as well. We are your community and real estate resource. Contact us today!