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Home sales fall, but median price rises

In November, existing home sales in the Rochester region fell 5.6 percent to 1,047 from 1,109 a year ago, the information subsidiary of the Greater Rochester Association of Realtors Inc. reported today.
From October, sales were down 5.2 percent from 1,105. The November median price was $115,000, up $2,000, or 1.8 percent, from a year ago.
The dollar volume of sales in November was $139.5 million, down 7.3 percent from $150 million a year ago and down nearly 10 percent from nearly $155 million in October.
Monroe County closings in November declined 1.8 percent to 7,946 from 8,094 a year ago. Closings also dropped in Ontario, Orleans, Wayne and Wyoming counties but increased in Genesee and Livingston counties.
GRAR represents more than 3,000 real estate professionals.

(c) 2006 Rochester Business Journal. Obtain permission to reprint this article.

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