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Area home sales climbed 11% in second quarter

Rochester Business Journal
July 20, 2012

Area home sales were up 11 percent in the second quarter compared with a year ago, the Greater Rochester Association of Realtors Inc. reported Friday. The median sale price was up 2 percent.

Transactions for the quarter rose to 2,640 from 2,371 a year ago, according to Genesee Regional Real Estate Information Services Inc., the information subsidiary of GRAR. The median sale price was $122,500, up from $120,000.

The majority of Monroe County towns and villages showed an increase in homes sold, with the greatest gains in Gates, up 57.1 percent and East Rochester, up 53.3 percent. The biggest declines were in Wheatland, down 54.5 percent, and Clarkson, down 33.3 percent.

Sales were up 13.4 percent in the city of Rochester, and the median price was up 15.6 percent to $70,500.

In Monroe County, outside the city, 1,404 homes were sold, up nearly 12 percent.
 
Ontario  County and Wayne County both logged increases of roughly 25 percent. Livingston County and Orleans County both posted increases. But Genesee County sales fell 31 percent.

Peter Stoller, director of communications and government affairs for GRAR, said it is a very active market with many multiple offers. The organization is seeing glimpses of a shift to more of seller’s market locally, he added.
 
It looks like the trend towards a slow, but steady, recovery is on track, Stoller said.

The number of homes listed for sale fell 8 percent to 5,556 in the quarter, compared with 6,009 a year earlier.

Monroe County new home building permits were up by 52 permits, or 16 percent, in the second quarter compared with a year ago, Rochester Home Builders’
Association reported. Wayne and Ontario Counties were flat for the first half.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


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