Rod's Blog

This is a partial update on market conditions here. 

An official from the Chautauqua County Board of Realtors was quoted in a recent Dunkirk Observer article. She says there has been a recent uptick in single family houses sold, year over year.

http://www.observertoday.com/page/content.detail/id/530050.html?nav=5047

Today I compiled a quick market report on 2008 vs 2009 using sales in Fredonia. I found increasing average values ($121,800 vs $138,800) slightly longer days-on-market (120 vs 147) with about 28 fewer sales (89 vs 21). The median price is, however, identical for each of these 12 months periods at $115,000. These stats were derived from the Chautauqua County MLS and include only brokered sales within the Fredonia School districts; sold FSBOs do not show up in these reports.

In general, the market appears to remain flat overall. With any luck, the impact of the first time home buyer program will be easier to figure out after it expires and the dust settles.