By: Alison North, Realtor & Team Lead

 

The real estate market is currently experiencing a low inventory with only 1.75 months supply available, indicating a high demand for homes. This shortage of inventory has led to a 23.24% increase in the months of inventory over the past year, showing a trend towards more homes becoming available on the market.

 

Homes are selling quickly, with a median of only 11 days on the market before being sold. This fast pace can be attributed to the high list to sold price percentage of 100%, meaning that homes are typically selling for their full listing price. This is great news for sellers as it indicates a strong market where properties are in high demand.

 

The median sold price for homes in this market is $176,500, showing stability and affordability for buyers. This moderate pricing combined with the quick turnover of homes on the market suggests a healthy balance between supply and demand.

 

 

Overall, these metrics paint a picture of a dynamic real estate market with high demand, low inventory, and quick sales. Buyers may need to act fast to secure a property, while sellers can take advantage of the favorable conditions to achieve a quick and profitable sale.

 

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.


*Check out our Google Reviews! Or find us on Facebook, Instagram, and Youtube!