It’s the first Saturday of the month! You know what that means! Yes, time to take a quick look at the housing report for Fairport. Here’s the good news. You just need to grab your favorite chair and read all the highlights. We’ve done the research for you! Here are some recent stats for Fairport:
Currently, 135 properties are listed as active with a median list price of 260k. Whoah, you say that’s a lot of houses. Comparatively, it’s not enough houses for the number of buyers that are out there. If you are thinking of selling your home, you’ll get the best price now as there is less competition.
76 homes are pending at an average median price of 186k. Average days on the market? 16! Keeping in mind that the status of most properties is not changed until after the home inspection, that’s fast. If you want to invest in your future and buy a home, that’s awesome! You’re just going to need to be prepared, not only with a pre-approval from a trusted mortgage provider in the area, but also with an idea of what neighborhoods you like and what your non-negotiables are. Make a list of your top 10 must haves. If you see a home with 8 of the 10 or higher, make an offer. (#nohomeisperfect) Yes, it’s okay after only one showing. Yes, it’s okay to pay full price, especially when it’s listed with a reputable, licensed real estate agent who knows the area.
In the last 30 days, 32 homes have sold. The median sale price was 225k, which is actually an increase over last month. The stats will change dramatically once the end of the month closings become a matter of record. Look for more details in next month’s quarterly report.
We’re in a seller’s market, which is great if you’re a seller. If you’re buying, be ready and be patient. “What’s for you, will not pass you” and it’s true. Interest rates are still at historical lows. The right house will be there and you will be glad you didn’t wait. In fact, if the right house isn’t there, why not consider building and put our experience to work for you.If you’d like to keep up with the latest trends in your neighborhood, contact us today!