Thursday, March 5, 2009
Where Rochester Ranks Nationally
Our market is labeled as stable because Rochester never saw the skyrocketing prices like other places in the country. Forbes Magazine listed Rochester as #15 out of 25 on their list of strongest markets. Buffalo, Syracuse and Albany join Rochester on the same list. There were hundreds of markets analyzed and none of them are expected to see a rise in values. Rochester's median price is expected to lower in 2009 but see an upswing in 2010; this is not expected in the vast majority of U.S. markets. The big cities seeing the largest decrease in median price are Phoenix, Las Vegas and San Francisco.