Today at 9 am Steve Babbitt, President of the Greater Rochester Association of REALTORS@ released the second quarter statistics to the press. The stats released showed a decrease for the second quarter, but 3 hours later, we realized a mistake had been made in the transfer of the 2011 number for the second quarter and it was corrected to show an increase.

Here are the second quarter stats:

Home Sales for 2011 - 2,371 Home sales for 2012 - 2,640 - 11% increase

Median Price for 2011 - $120,000 - Median Price for 2012 - $122,500 - 2% increase

This makes four consecutive quarters with an increase!

3rd Quarter 2011 - +8% increase

4th Quarter 2011 - +5% increase

1st Quarter 2012 - +9% increase

2nd Quarter 2012 - +11% increase

Our Rochester real estate market is on the move towards recovery!  The Greater Rochester Association of REALTORS@ continues to support the local residential real estate industry by promoting the benefints of home ownership and using the services of a REALTOR@ when buying and selling a home.