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More buyers than sellers in housing market
Perinton, N.Y. - It's been a slow start for real estate in Monroe County this year. Realtors are attributing some of that to the long cold winter.
According to the Greater Rochester Association of Realtors (GRAR), from January to April there were nine percent few homes on the market - resulting in fewer sales than this time last year.
Even with fewer homes to choose from and prices up two-percent, people are still buying.
"[There are] more buyers right now, there's a lack of inventory," said Steve Wrobbel with Nothnagle Realtors. "I think people were waiting for the cold winter to pass by and once the warm weather got here it seemed to bring a lot of the buyers out."
The same kind of buyers who helped Tom Edwards sell his home in Perinton in six days.
"We waited until the weather broke," said Edwards. "It was a good time to sell the house."
According to Wrobbel, if a home is in good condition and priced right it has a good chance at selling quickly.
"We're in the situation where we're getting multiple offers this year," said Wrobbel. "In the last two weeks we've probably had four or five homes that have had multiple offers on them."
Some neighboring counties, like Orleans, Seneca and Wyoming, are bucking the trend. According to GRAR, those counties saw a rise in sales during the first quarter.