A more economically stable 2012 is underway. What does that mean for Rochester’s homebuyers? Although sales were slow in 2011, sellers are coming to terms with the current market patterns and pricing their homes with a more realistic outlook. Last year’s sales market was erratic, but a successful January seems to signal that homebuyers are cautiously moving towards optimism. The first month of the year was busier than it has been in the past few years, due in part to buyers who were on the fence, but who now want in the game.
What are buyers looking for in 2012? A well priced home with great design. @home Builders president David Riedman stated that buyers are looking for houses with an open floor plan. “People are focused on the kitchen and living space being connected,” he said. What can first-time home buyers expect to pay this year? A $200,000 price tag will get you that new dream home.
With indicators going up and a higher confidence level from consumers, 2012 looks like it should be a very successful year!
