How Monroe County Inventory and Prices Can Both Rise at Once

by Khem Kadariya

In June 2026 the Rochester Business Journal ran a headline that read, in substance, housing inventory on the rise in Monroe County, but so are prices. Plenty of homeowners read that and assumed one half had to be wrong. It does not. Both things can be true in the same county in the same month, and understanding why is more useful than picking a side.

Here is what this post covers: why rising inventory and rising prices are not opposites, what the actual published price figures say and why they disagree with each other by tens of thousands of dollars, which numbers I refuse to repeat because they do not hold up, what I genuinely cannot tell you about Brighton, Pittsford and Mendon specifically, and how I would think about a fall listing given all of that.

Rising inventory is a direction, not a level

This is the whole trick, and it is not complicated. Inventory going up tells you which way the number moved. It tells you nothing about where the number started.

If a market has been running at a fraction of a month of supply, inventory can climb a long way and still leave buyers competing for very little. Prices respond to the level, not the direction. Sellers hear "inventory is rising" and picture crowded open houses with no traffic. Buyers hear "prices are rising" and picture bidding wars. In a market coming off an extremely thin base, both experiences show up in the same week.

The clearest supply figure in front of me is Houzeo's 0.33 months of supply for "Rochester" in July 2026. Run the arithmetic: 0.33 months is about ten days of supply. That is the base. A market at ten days of supply can absorb a meaningful increase in listings and still feel tight to anyone writing an offer.

One caution on that same figure. Houzeo's active listing count and its 0.33 months of supply are the same fact stated twice, since one is derived from the other. They are not two independent confirmations, and I am not going to present them that way.

The price numbers disagree, badly, and the reason is geography

If you search for the Rochester median home price you will get a different answer from every site. That is not because one of them is lying. It is because "Rochester" means the city to some sources and all of Monroe County to others, and those are not the same housing market.

Source Geography Figure Period
Realtor.com via FRED Monroe County $319,900 median listing price May 2026
NYSAR, reported by Rochester Business Journal Monroe County $308,500 median sale price, a record high May 2026
Zillow home value index Monroe County $285,439 average home value, up 4.1% year over year Updated 4/30/2026
Resideline "Rochester" $255,000 median sold price July 2026
Zillow home value index City of Rochester $252,192, up 4.3% year over year Page dated 6/30/2026
Houzeo "Rochester" $230,000 median sale price, up 17.95% year over year July 2026
Movoto "Rochester" $199,000 median sold price July 2026

Low to high, that is $199,000 to $319,900. A gap of roughly 61 percent for what is presented as the same market at roughly the same moment.

The most authoritative figure on that list is the NYSAR number reported by the Rochester Business Journal: a Monroe County median sale price of $308,500 in May 2026, described as another new high. That is board of Realtors data reported by a local business publication, not a modeled estimate scraped off listing feeds. Note the period, though. May 2026, not July, not August.

Here is the part that matters most for you. Not one of those figures describes Brighton, Pittsford or Mendon. A city of Rochester median is not a comparable for a Pittsford closing, and a countywide median blends everything from village condos to acreage in Mendon into a single number. If someone quotes you a county median as though it prices your house, they are making the exact mistake this post exists to correct.

Numbers I am not going to use

Transparency means naming the figures that failed inspection, not just the ones that passed.

  • Sales volume. Houzeo reports 509 Rochester homes sold in July 2026, a 78.6 percent increase year over year. Movoto reports 643 sold in July 2026, described as up from 707 last year. 643 is not up from 707, and a 78.6 percent jump in monthly closings in a market this size usually signals a change in data coverage rather than a surge in demand. Neither figure is usable.
  • Days on market, one version of it. Houzeo lists 51 days for July 2026. Zillow has Monroe County homes going pending in about eight days as of 4/30/2026. Movoto reports 13 days in July 2026, the same as a year earlier. Redfin reports 11 days for a Rochester neighborhood over the three months ending May 2026, also flat year over year. Three sources cluster at eight to 13 days. Houzeo's own 0.33 months of supply converts to about ten days. The 51 is the outlier and it contradicts the rest of the page it sits on. Treat eight to 13 days as the credible range.
  • The 120.57 percent of asking price figure. Single sourced to Houzeo for July 2026, with no corroboration. A median that far over list is extraordinary. I will mention it with the caveat attached and I will not build a pricing strategy on it.
  • The 2 to 4 percent 2026 price forecast. That is a vendor forecast published by Houzeo, and it sits oddly next to that same vendor's 17.95 percent year over year print. Attribute it, do not lean on it.

What I cannot tell you yet

Two honest gaps. First, August closings are not published until early to mid September, so anyone quoting you August sale prices in August is quoting something other than closed sales. Second, I do not have July 2026 town level closed data for Brighton, Pittsford or Mendon in hand, and I am not going to substitute a countywide figure and call it local. When the Greater Rochester Association of Realtors release lands, that is the document that settles the inventory direction question for this county.

Rates are not the variable to wait on

Freddie Mac put the 30 year fixed at 6.67 percent for the week of August 13, 2026, down from 6.69 percent the prior week. A year earlier, in August 2025, it averaged 6.58 percent. That is nine basis points of movement across twelve months. On a $300,000 loan that is somewhere around $18 a month. The 15 year fixed averaged 5.96 percent for the week of August 13, 2026, against 5.71 percent in August 2025. The 10 year Treasury sat at 4.668 percent on August 13, 2026.

So when someone tells you the local price picture changed because of rates, the arithmetic does not support it. Rates have been close to flat. Whatever moved in Monroe County, that was not the cause.

What this means if you are weighing a fall listing

The national storyline about a cooling market is largely a Sun Belt story. Coverage of the 2026 mid year picture describes some Northeast and Midwest markets as having gotten hotter and more expensive as buyers compete over shrinking inventory, while Sun Belt listings sit for months. Rochester sits in the first group, not the second. That is why the softening headlines you read do not match what you see at a Saturday showing. Some of those Rochester specific pages are national model output applied to a local page, not local reporting.

If you are asking whether to sell your house now in Pittsford, or reading up on the Brighton seller market, the practical steps are the same:

  • Price off closed sales in your own submarket, ideally within a mile or two, not off a Monroe County or city of Rochester median.
  • Ask which geography and which month any number came from before you let it change your decision.
  • Assume buyer traffic is fast if your house is priced and prepared correctly, given that credible pace figures cluster around eight to 13 days.
  • Do not wait on rates. Nine basis points over a year is not a plan.
  • Decide on condition and timing based on what your specific house needs, because that is the variable you actually control.

I walk these houses. The difference between a Brighton colonial with original systems and one with a redone kitchen and a dry basement is worth more to your bottom line than any headline about county inventory.

If you want a straight read on what your house would realistically sell for this fall, based on comparable closings near you rather than a county average, book a time with me and we will go through the numbers together, including the ones I cannot verify.

Khem Kadariya

About this data

The figures in this post were compiled from publicly available sources including Houzeo, Movoto, Redfin, Zillow and FRED (Federal Reserve Bank of St. Louis), along with other public market data. Real estate numbers change quickly, and these were accurate as of August 2026. For current figures on a specific home, street, or town, ask me directly rather than relying on a published average.


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