Since March 23rd the real estate market has been in flux. Now that the rules of engagement have been established and disseminated a new routine is emerging and the results are starting to come in: property listing inventory is dramatically down compared to 2019 but the trend line is turning up slightly. The number of properties going under contract, however, is drifting down compared to last year's pace.
The coronavirus numbers in New York State seem to be flattening out 37 days into the crisis. Although he extended NY PAUSE until April 29th on Monday Governor Cuomo began talking about life and, more to the point, business life after the crisis. Monroe County Executive, Adam Bello, projected two to three more weeks of rising coronavirus numbers in our area. In Wuhan, China several months after the government began cracking down, now counts 90% of its businesses open but the economy has not bounced back.
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
I'm hosting a Zoom meeting to answer your general questions about the local real estate market.
Thursday, April 8, 2020 at 7:00 pm - CLICK HERE TO JOIN THE MEETING
Meeting ID: 585 732 1767
News That Affects The Local Real Estate Market
What is the state of the housing market in our area right now?
The Status Of My Business:
Some Takeaways & Short Term Predictions.
Our Personal Status.
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