By: Alison North, Realtor & Team Lead

The real estate market data indicates a strong correlation between the metrics provided. 

 

First, the Months Supply of Inventory is at a low 1.02, indicating a seller's market where demand for homes exceeds supply. This low inventory level suggests that homes are selling quickly and competition among buyers is high. 

 

The 12-Month Change in Months of Inventory is also positive at +5.15%, showing a trend of decreasing inventory over the past year. This further supports the notion of a competitive market with limited supply.

 

The Median Days Homes are On the Market is incredibly low at just 6 days, reinforcing the idea that homes are selling quickly. This quick turnover time indicates high demand and strong buyer interest in the market.

 

The List to Sold Price Percentage of 97.3% demonstrates that homes are typically selling close to their listing price. This suggests that sellers are able to secure favorable offers and negotiate effectively in this market.

 

Lastly, the Median Sold Price of $165,000 reflects the average price at which homes are selling. This moderate price point combined with the quick selling time and high list to sold price percentage indicates a healthy and balanced market for both buyers and sellers.

 

Overall, these metrics paint a picture of a competitive real estate market with limited inventory, quick turnover times, and strong seller negotiation power. Buyers should be prepared to act quickly and potentially offer close to asking price, while sellers can expect to receive favorable offers in this market.

 

 

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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