Tuesday, December 12, 2006

Housing Slump!!

It seems that Rochester has caught up with the rest of the country and that is not good news. According to the Rochester Associations of Realtors, home sales in the Rochester region fell 5.6 percent in November, as compared to November 2005. The actual figures are 1,047 homes sold this November, down from 1,109 last November. Furthermore, this is the second month in a row that shows a decline. Today's newspaper reported that this is a strong signal that the seller's market is over and we are entering a buyers market.

In real life, I have 5 listings to sell and am working with 4 buyers. One of my buyers is very motivated and the rest are looking for deals. I'll keep you informed of their activity.
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