The number of days that have passed since the beginning of the New York on PAUSE (March 23, 2020)
Thirty days have passed since the start of Governor Cuomo’s executive order known as “New York on PAUSE”. It appears the COVID-19 infection curve is flattening in our area. We still have difficult and painful COVID-19 news on the horizon but, thankfully, we appear to be heading towards better days.
Real estate property listings and sales are inching up s-l-o-w-l-y. The growth in newly listed properties is picking up steam. The “success rate” is up, too. Overall, however, compared to the same period last year, the numbers are still anemic. Updated numbers are below.
As always, I am available to talk privately with you about your particular real estate situation.
Call, text or FaceTime: 585-732-1767. Email: email@example.com
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Key real estate numbers in Monroe County for single family homes, townhouses and condominiums:
The real estate market in 2020 under the New York on PAUSE restrictions:
The real estate market in 2019:
A growth trend in the real estate market may be emerging.
Some days the number of newly listed properties drifts down but recently the numbers seem to be trending up. The same is true for the number of properties with an accepted offer AND the success rate - the percentage of properties that have offers.
Yes, the absolute number of property listings in 2020 and the number of properties under contract in 2020 remains very, very low compared to last year. No, real estate agents still can’t leave their homes except in certain very limited circumstances.
If the numbers continue to rise, it will indicate:
Still, we have a long, long way to go...
Looking into my crystal ball:
Here are my current PREDICTIONS as to when/how the real estate market will be reopened in the coming months. Of course, I could be wrong. Every businessperson plans using predictions. I’ve been doing so for decades. These are the dates and activities I am planning around at the moment:
UNLESS, of course, something goes wrong...
I will continue to post updates related to the metro Rochester real estate market during the coronavirus. The situation is changing rapidly. You deserve the most recent information about our real estate market from a source you trust.
I wish you and your loved ones good health and good spirits during this unfortunate crisis!
RE/MAX Realty Group | 10 Grove Street | Rochester, New York 14534 | 585-248-0250