What Do Recent Rochester Market Trends Mean for You?

There are many great Rochester area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (507) 258-5850 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today, we'll be discussing what's going on in the Rochester market and what it means for you!

Currently, there are 125 pending sales in our market, leaving 473 properties still for sale in our area. The result is a pending ratio of 20.9%. What exactly does that mean though?

The pending ratio indicates the supply and demand of the market; a high ratio means listings are in demand and quickly going to contract, while a low ratio means there are not enough qualified buyers for the existing supply. 

A total of 972 contracts have closed in the last six months here in Rochester, with a median sales price of $188,000. Breaking it down further, you'll see that the $150,000 to $200,000 price range is the hottest market right now.

We currently have only 473 active listings, which means we have two buyers for every one seller in the market. Obviously, right now is a fantastic time to list your home in Rochester, as values continue to rise due to the low inventory. 

If you want to get the most out of this market, it's important to work with an agent to get your home priced right. You need to get your home in great condition and market it effectively if you want to sell your home quickly and for top dollar. 

Currently, the average active listing is sitting on the market for about 98 days. However, homes that actually sold were only on the market for 37 days on average.

If you are interested in taking advantage of these fantastic conditions, don't hesitate to give us a call or shoot us an email. We would love to help you accomplish your buying or selling goals in Rochester!