Eastwood School District Real Estate Monthly Market Report
This report is updated monthly around the second week of the month to reflect the previous months activity. Check below the video to see the long term trends for this market.
Click the picture to view video.
Click the picture to view video.
The real estate market in the Eastwood schools area is mirroring other local markets. The numbers can be distorted at times because of the low data points. Inventories continue to plunge leaving buyers with fewer and fewer choices. The word on the street is that mortgage rates have bottomed and may start upwards very soon if they haven't already.
The average home price is $197,875 showing the price ranges where buyers are successful. Prices are the result of the available inventory.
New construction cannot act as a relief valve for the otherwise low inventories because they can't be built fast enough since both materials and labor are insufficient to satisfy the demand.
For those who are considering selling this is probably the most opportune time to maximize your homes value. However, unless you are moving to a different area or are building your own home, you might find it difficult to locate a home to buy.
This is the nature of markets and will soon sort it self out.
As always, some homes take longer to sell than others but that can be accounted for by either too aggressive pricing, a poorly prepared home, or a weak marketing effort by the agent. There are plenty of buyers waiting for homes, it's the agents job to get their listings in front of the right buyers.
If I can be of any help, please contact me at 419-779-6229.
The average home price is $197,875 showing the price ranges where buyers are successful. Prices are the result of the available inventory.
New construction cannot act as a relief valve for the otherwise low inventories because they can't be built fast enough since both materials and labor are insufficient to satisfy the demand.
For those who are considering selling this is probably the most opportune time to maximize your homes value. However, unless you are moving to a different area or are building your own home, you might find it difficult to locate a home to buy.
This is the nature of markets and will soon sort it self out.
As always, some homes take longer to sell than others but that can be accounted for by either too aggressive pricing, a poorly prepared home, or a weak marketing effort by the agent. There are plenty of buyers waiting for homes, it's the agents job to get their listings in front of the right buyers.
If I can be of any help, please contact me at 419-779-6229.
For a no obligation home valuation or general opinion for your neighborhood, please click the button below.
Eastwood School District Long Term Real Estate Market Statistics
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