Friday, July 27, 2012

Second Quarter Rochester Real Estate Statistics!

According to the Greater Rochester Realtors Association in regards to the Second Quarter sales: "It is a very active market with many multiple offers and we are presently seeing glimpses of a shift to more of seller's market locally.


"The unseasonably warm weather in January and February led to an early flurry of activity in the local market. Due to the earlier than normal start to the spring selling season, we have been anticipating a pause in activity at some point this summer since the nice weather doesn't bring new buyers into the market, it only spurs existing buyers into action earlier. When we saw the decline in sales from the previous report, we assumed it was the pause we had anticipated. Combined with the large increase in purchase contracts accepted, it looked exactly like what we had expected. When reviewing the corrected numbers, it looks like the trend towards a slow, but steady, recovery is on track, and in fact is more even and gradual than we anticipated.
"

4 comments:

  1. These real estate posting and information posted on web are really helpful and are of great use. Thanks for sharing.
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    Krrish

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  2. A lot of good information you have provided. Your post will help many people to invest their money in real estate market.
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  3. we have been anticipating a pause in activity at some point this summer since the nice weather doesn't bring new buyers into the market, Jerry Real Estate

    ReplyDelete
  4. Absolute Right, I 100% agree with your statements and tips about Second Quarter Rochester Real Estate Statistics! i really enjoyed to read this post, The Multiple Listing Service is first and foremost a list of virtually all properties & home for sale MN and in a particular area.

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