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.
Sometimes it can be difficult to take the pulse of the market at this time of year. Seasonality is a factor but the weather has even more influence. That can make it difficult to compare one year to the next.
The Eastwood School area real estate market appears to be chugging along hoping for more inventory.
The number of homes on the market decreased by 42.9%. Inventories have been a problem and that problem appears to be continuing.
The days on the market leapt up by 137.7%.What this indicates is that new listings that are market ready and priced well sell immediately while others continue to languish.The average sale price was down 38.1%, but on a small number of transactions it's easy to distort the numbers. Of course, the average sale price number gives us the average price of the homes that sold in the month of February and does not reflect longer term price trends.
As always, some homes take longer to sell than others but that can be accounted for by either too agressive 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 Eastwood School area real estate market appears to be chugging along hoping for more inventory.
The number of homes on the market decreased by 42.9%. Inventories have been a problem and that problem appears to be continuing.
The days on the market leapt up by 137.7%.What this indicates is that new listings that are market ready and priced well sell immediately while others continue to languish.The average sale price was down 38.1%, but on a small number of transactions it's easy to distort the numbers. Of course, the average sale price number gives us the average price of the homes that sold in the month of February and does not reflect longer term price trends.
As always, some homes take longer to sell than others but that can be accounted for by either too agressive 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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