Ontario New York Real Estate Report – March 2016
Want to see what has gone on in the Ontario real estate market during the month of March along with year over year comparisons? Here is the Ontario NY real estate market report March 2016 edition.
Ontario NY Real Estate Activity For March 2016 vs. March 2015
In March 2016 there were 6 homes that closed during the month for Ontario NY real estate. This is the same number of homes that closed in March 2015.
- The average sale price for the homes that closed in March 2015 was $162,750.
- The average sale price for the homes closed in March 2016 was also $152,417.
- The average market time (aka Days on Market) for the homes that closed in March 2015 was 104 days.
- The average market time (aka Days on Market) for homes that closed in March 2016 was 46 days .
- The total amount of volume for the homes that closed in March 2015 was $976,500
- The total amount of volume for homes that closed in March 2016 was $914,500.
Homes Under Contract For March 2016
There were a total of 14 homes in Ontario NY that were under contract or sale pending through March 31st, 2016 (of the 14 total homes, 4 homes went under contract during March 2016). The average market time for these 14 homes was 65 days. The average list price for these homes under contract was $191,721.
Current Ontario, NY Homes For Sale Inventory Levels
There are currently 53 homes on the market in Ontario NY. The average list price is $193,845. The average market time for these homes is 171 days. Homes in Ontario NY are selling in about 40-50 days, if priced properly. The market absorption rate, as of April 1st, 2016 was 5.34 in Ontario. This means that if no other homes in Ontario were put on the market, it would take 5.34 months to deplete the remaining homes on the market.
How can both buyers and sellers have an advantage in the Ontario NY real estate market? Employ the services of a local Ontario real estate agent who has vast knowledge and experience of the market.
The above statistics are ONLY single family homes and do not include condominiums or multi-family homes.
Find Ontario NY Homes for Sale
For a complete list of available real estate in Ontario NY, visit Ontario NY Homes for Sale. Make sure to subscribe to our blog so you don’t miss out on any Ontario homes. Contact us to find out what your Ontario NY home is worth and to discuss your housing needs.
About the authors: The above information regarding the “Ontario NY Real Estate Market Report March 2016” was provided by the Keith Hiscock Sold Team. Keith Hiscock & Kyle Hiscock have over 30 years combined experience. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.
We service the following Greater Rochester NY areas: Irondequoit, Ontario, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY.
Visit our blog at www.RochesterRealEstateBlog.com.