Rochester Housing Market Trends

Housing Prices (Residential, Active and New)

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Inventory (Residential, Active and New)

[market_stats width=”300″ height=”200″ type=”inventory” display=”ActiveListings,NewListings” property_type=”A” location=”City=Rochester&Rochester”]

Absorption Rate (Residential)

[market_stats width=”300″ height=”200″ type=”absorption” property_type=”A” location=”City=Rochester&Rochester”]

The rate at which homes sell in an area; the higher the absorption rate, the faster homes are selling. To calculate the absorption rate, take the number of homes that sold in a month for an area and divide it by the total number of homes for sale at the end of the month. If an area contains homes in two different price ranges, it is often useful to calculate the absorption just for homes in your price range.

Sale to Original List Price Ratio (Residential)

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The final sale price (what a buyer pays for the home) divided by the last list price expressed as a percentage. If it’s above 100%, the home sold for more than the list price. If it’s less than 100%, the home sold for less than the list price. Looking at sale-to-list percentages can help buyers and sellers get a sense of how to negotiate on pricing. To calculate the average sale-to-list for a group of homes, add up each home’s sale-to-list ratio, then take the average of the total.