WXXI AM News

greater rochester association of realtors

The latest numbers on the local housing market show increased activity in the Rochester area.

The COVID-19 pandemic has certainly had an impact on local housing sales, as it has on just about every other part of the economy. While local home sales are down 12.9% year-to-date compared to last year, Andy Kachaylo, president of the Greater Rochester Association of Realtors, said that activity has been picking up in recent months. September home sales were up 2.6% compared to a year ago.

The housing market took a hit in the latest figures out from the Greater Rochester Association of Realtors this week.

Sales of existing homes in June 2020 were down 38.7% compared to June 2019.

Year-to-date, local home sales are down 17.1%.

Local real estate agents are expecting that pent-up demand will create a highly competitive housing market now that the Finger Lakes region is in phase two of reopening.