By Alison North, Realtor & Team Lead
The real estate market is currently showing a low level of inventory with a months supply of inventory at 1.52. This indicates that there is a high demand for homes and a limited supply, which could lead to competitive bidding and potentially higher sale prices for sellers.
The 12-month change in months of inventory has seen a significant increase of 29.91%, suggesting that the market may be starting to balance out as more homes become available for buyers to choose from.
Homes are selling quickly with a median of only 8 days on the market. This swift turnaround time indicates a strong market where properties are in high demand and buyers are acting quickly to secure their desired home.
The list to sold price percentage is at a high 99.3%, showing that sellers are able to negotiate close to their asking price. This demonstrates that buyers are willing to pay top dollar for properties in this market.
The median sold price for homes is $169,500, indicating that there is a range of affordable options available for buyers in this market. Overall, these metrics suggest a competitive market with high demand and quick turnover, making it an attractive time for both buyers and sellers to participate in real estate transactions.
With over 20 years of combined experience, The Avenue Group offers exceptional service and knowledge of our local real estate market. Combined with the incredible network and resources of Glasshouse Realty Group, we offer our clientele an energetic work ethic with a detail-oriented approach. Call or text The Avenue Group real estate agents: Alison North 937-206-2273, Dara Errett 937-244-4136, Maegan Benne 706-840-2466, or Amy Fralick 937-408-5368 to get started. Or visit our website AvenueOhio.com.
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