Here we are in August already! Market activity through the end of July continued down significantly from a year ago. However, we did see a little more activity last week (July 23 to 29, 2010) over the previous week with 21 signed contracts and 21 closings. New listings were down slightly from a week earlier, and down 45% from the same time last year.
Total active listings were down slightly from the previous week, but overall represent an increase of 10% over a year ago, with 1228 residential properties currently for sale in Rochester. Average sold price for the 21 homes that closed last week was 97.0% of the asking price, just 91.1% of the original list price. Average market time for these homes was 126 days. Average market time for the 21 homes that had signed contracts last week was 127 days.