By: Alison North, Realtor & Team Lead

 

The real estate market is currently experiencing a high demand and low inventory situation, indicated by a Month’s Supply of Inventory of only 1.05. This means that if no new homes were to come onto the market, it would take just over a month to sell all existing inventory. 

 

The 12-Month Change in Months of Inventory is -5.41%, showing a decrease in the amount of time it takes to sell homes compared to the previous year. This indicates a trend towards a faster-paced market with increasing competition among buyers.

 

Homes are selling quickly, with a Median Days on the Market of just 14 days. This rapid turnover is likely due to the competitive nature of the market and the high demand from buyers.

 

Sellers are seeing strong offers on their properties, with a List to Sold Price Percentage of 98.4%. This means that, on average, homes are selling for 98.4% of their listing price, showing that buyers are willing to pay close to asking price for desirable properties.

 

The Median Sold Price in this market is $181,000, indicating that homes are selling at a moderate price point. Overall, these metrics suggest a competitive market with low inventory, fast turnover, and strong offers from buyers. Buyers should be prepared to act quickly and make strong offers, while sellers may benefit from the current market conditions and potentially see a quick sale at a favorable price.

 

 

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, or Maegan Benne 706-840-2466 to get started. Or visit our website AvenueOhio.com.


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