The housing market in East Rochester continues to see strong price appreciation, with values up 20.7% compared to last year. Home prices have decreased 7.1% in the past month. With only 2 active listings, inventory is 67% lower than typical for this time of year. Homes are taking about 8 days to sell, which is -1 days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (83.3%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the East Rochester market with the affordability index at 248.0. Looking ahead, the East Rochester market is expected to maintain its current trajectory with relatively stable conditions.
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