The number of days that have passed since the beginning of the New York on PAUSE (March 23, 2020
Another week has passed and so we'll take a look at the numbers for single family homes, condominiums and townhouses located in Monroe County.
As always, I am available to talk privately with you about your particular real estate situation. Call, text or FaceTime: 585-732-1767. Email: firstname.lastname@example.org
I have noticed a steady drop-off in the number of clients interested in group Q & A sessions using the Zoom platform. As a result, until further notice I will no longer be hosting client Q & A sessions on Monday nights. However, I will continue to use Zoom and other similar platforms for individual client needs.
Highlights from this week's numbers:
A NOTE ON PROPERTY VALUES:
When the seller of a home accepts an offer it takes approximately two months for the transaction to close and for the final price to be recorded. As a result, there is very, very little data on sale prices following the March 23rd shutdown. Once we know sales prices we can then take a look at the difference between those sales prices and the asking prices. We can also calculate the median and the mean. Unfortunately, it will be many, many months before we can do these calculations and see any trends based on sale prices. It will be at least a year until trend lines are demonstrable in any form. If normal seasonal variations are skewed due to the impacts of COVID-19, it may be years before we see normal seasonal trends!
In the meantime, we can look at three factors:
The information below includes single family homes, condominiums and townhouses located in Monroe County.
RE/MAX Realty Group | 10 Grove Street | Rochester, New York 14534 | 585-248-0250