Rochester Listings Show Longer Days on Market and Wider Vendor Discounts

Average days on market for single-family homes in Rochester climbed to 47 in the second quarter of 2026, up from 34 a year earlier, while the typical vendor discount widened to 4.1 percent off the original asking price.

The shift comes as mortgage rates remain above 6 percent and buyers gain leverage in a market where inventory has risen steadily since early spring. Local agents report that homes priced above $350,000 are especially affected, forcing sellers to weigh repeated price cuts against the risk of further delays.

In the Park Avenue neighborhood, several properties on Oxford Street and along Berkeley Street have now spent more than 60 days listed, according to records from the Greater Rochester Association of Realtors. Across the river in the South Wedge, a three-bedroom on Sanford Street dropped its asking price twice before going under contract last week after 52 days on the market.

Data compiled by the association through June 30 shows the median sale-to-list ratio fell to 96.2 percent, the lowest level recorded since the third quarter of 2023. In the same period last year the ratio stood at 98.7 percent, with only 2.9 percent of homes closing below the final asking price.

Neighborhood Variations

Discounts have been sharpest in the 19th Ward and along portions of Dewey Avenue, where homes originally listed near $225,000 are now selling for an average of $208,000. By contrast, properties near the University of Rochester campus on Mount Hope Avenue have held closer to asking prices, averaging just 29 days on market.

Local lender data from ESL Federal Credit Union indicates that buyers who closed in May and June negotiated an average of $11,400 off the original list price, nearly double the concession recorded in the same months of 2025.

Next Steps for Buyers and Sellers

Sellers preparing to list homes this summer should review recent comparable sales on their block before setting an initial price, while buyers can expect to request inspection repairs or closing-cost help without losing the deal. The next monthly report from the association is scheduled for release on July 15 and will cover activity through the end of June.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.