May Market Trends Update
May Market Trends Update
It’s time to Get Real about Rochester’s Housing Trends.
Foot, Flagging, Flat and Falling, there’s a multitude of areas that we can apply this, such as Market Trends, Strategy, and even Housing Prices
However, we are seeing indicators of Flagging with only a 5.5% Appreciation Rate from last year to today, housing prices are continuing to rise, just not as rapidly as seen in years prior. Eventually the market will even out, and yes, at some point we could even see housing values drop.
Nobody has a crystal ball and we cannot answer anything definitively. There could also be other variables involved, such as the effects of the record snowfall this last winter. But one thing remains, today the market is flooded with buyers and we have a lack of inventory. To hear a more thorough discussion click the link below.
This is Alex Mayer with Counselor Realty, Buy and Sell Strategically.