WOW! Market Activity Picks-Up!

I don’t know where the local media gets its information from but anecdotal evidence from my colleagues at other brokerages and my own experience suggests that local market activity is on a huge upswing.

The spring market is usually busy but I think what we are seeing is that protracted buyer fence-sitting is over. There is finally the realization that the bottom was reached months ago and this pent-up demand is being unleashed all at once. Also, information about the $8,000 first-time homebuyer tax credit has begun to saturate the marketplace.

So, buyer demand, economic stimuli, continued low mortgage interest rates, and bottom of the market retail pricing is causing a major improvement in the Rochester real estate market. How long will this last? That remains to be seen but for now it’s feast, not famine!