Name: The nation's No. 1 market for speed of home sales: Rochester - NY Daily Record
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The nation's No. 1 market for speed of home sales: Rochester - NY Daily Record

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Skip to contentBy: October 5, 2023HomeNewsThe nation’s No. 1 market for speed of home sales: RochesterBy: October 5, 2023Nowhere in the country do homes sell more quickly than in the Rochester market.An even further reduction in listings in September continued to prompt rapid sales of the inventory that is available, with the median time on the market just 17 days.That was by far the shortest duration from listing to sale among the nation’s largest 50 metropolitan areas, according to Realtor.com’s Monthly Housing Trends Report for September. By comparison, the median time on the market was at least four weeks in every other market.Rounding out the top five metro areas in terms of fewest days on the market: San Francisco and San Jose at 29, Columbus and Milwaukee at 30. Next was Boston at 31, while Cincinnati and Louisville were at 32.Compared to the same period a year ago, active listings in Rochester declined 11.5 percent and new listings dropped 7.9 percent, according to the Realtor.com report.“The number of homes for sale is likely to remain low as higher mortgage rates leave many homeowners feeling ‘locked in’ to their current rates,” Realtor.com chief economist Danielle Hale said in a news release regarding the national trend.Rochester’s median listing price climbed 11.4 percent to $250,000, the eighth-steepest increase in terms of percentage among the largest 50 markets.Just two markets, Cleveland at $240,000 and Pittsburgh at $249,000, had a lower median listing price than Rochester in September, and only four other markets had median listing prices under $300,000: Buffalo at $260,000; Detroit at $262,000; St. Louis at $280,000; and Birmingham, Ala., at $299,000.The most expensive market: San Jose, with a median listing price of $1,399,000, followed by Los Angeles ($1,175,000), San Francisco ($1,095,000), San Diego ($1,050,000), Boston ($849,000) and New York City ($719,000)./(585) 653-4020Share this!A New York appeals court has upheld a strangulation conviction while rejecting defense claims that the prosecu[...]October 5, 2023[caption id="attachment_494002" align="aligncenter" width="300"] FILE - Rep. Yvette Clarke of New York speaks [...]October 5, 2023NEW YORK (AP) — Splashy advertisements featuring football star Tom Brady and comedian Larry David were among[...]October 5, 2023A Buffalo judge dismissed a case because the prosecution did not provide required discovery material and viola[...]October 4, 2023A few years back, Joseph Stramondo was a last-minute replacement as a conference speaker in Salt Lake City. He[...]October 4, 2023CHICAGO — A day before the federal government executed a Texas man for the killing of an Iowa couple when he[...]October 4, 2023Sign up for your daily digest of NY Daily News.See all Case DigestsNew Hire Renee Segina Moore, Associate, Litigation and Creditors’ Rights Practice Underberg &amp;a[...]New Hire Matthew M. Simmonds, Senior Counsel, Litigation Practice Group Underberg &amp; Kessler LLP [...]Chanel T. McCarthy joined Gross Shuman P.C. as a shareholder attorney. Ms. McCarthy focuses her lega[...]Carolynn E. Grennell has joined Gross Shuman P.C. as an associate attorney. Her legal practice focus[...]Lacy Katzen LLP is happy to announce the promotion of associate Nathan A. Shoff to partner. Mr. Shof[...]See All Law News&nbsp;Loading ...This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.NecessaryNecessaryNecessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.Non-necessaryAny cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.SAVE &amp; ACCEPT

Skip to contentBy: October 5, 2023HomeNewsThe nation’s No. 1 market for speed of home sales: RochesterBy: October 5, 2023Nowhere in the country do homes sell more quickly than in the Rochester market.An even further reduction in listings in September continued to prompt rapid sales of the inventory that is available, with the median time on the market just 17 days.That was by far the shortest duration from listing to sale among the nation’s largest 50 metropolitan areas, according to Realtor.com’s Monthly Housing Trends Report for September. By comparison, the median time on the market was...

The nation's No. 1 market for speed of home sales: Rochester - NY Daily Record

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