Local Real Estate Sales Continue to Impress

Yet another impressive report on Rochester area home sales. The article notes striong sales in Monroe County and the city of Rochester. I still firmly believe that the city will continue to pick up in prices and demand this year. As I've stated before, the housing prices in Rochester have been depressed for at least a decade, so the price increases are a natural adjustment. As a city resident, I also strngly believe some of this can be attributed to the new administration. There's been a palpable feeling of excitement and enthusiasm for the region - and people are starting to back that up with their dollars, not just their words. (For example, the closed Genesee Hospital was recently purchased and plans are to demolish and construct apartments, condos and commercial property in the city. The developers stated they wouldn't have considered the purchase unless they believed the city was undergoing a renaissance).