Maumee 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 below to view video
The real estate market in the Maumee Schools area continues it's established pattern of declining inventories. However,the number of closed sales had a nice boost over last year while prices essentially held the line.
Simple economics and psychology are in play right now. It could be that the virus is inhibiting people from selling as is the prospect of not being able to find a home if they do sell.
The Maumee area really has no problems selling homes when they are put on the market unless they are below buyers expectations - overpriced or under prepared.
While this is an easy explanation, good agents are finding homes for their buyers and listing agents are making their sellers happy.
As we move into the slower season of the year perhaps things will loosen up. In the meantime, new home construction is absolutely booming - a side effect of the low pre-owned inventories.
Rates remain low and the economy is recovering. We live in exciting times!
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.
Simple economics and psychology are in play right now. It could be that the virus is inhibiting people from selling as is the prospect of not being able to find a home if they do sell.
The Maumee area really has no problems selling homes when they are put on the market unless they are below buyers expectations - overpriced or under prepared.
While this is an easy explanation, good agents are finding homes for their buyers and listing agents are making their sellers happy.
As we move into the slower season of the year perhaps things will loosen up. In the meantime, new home construction is absolutely booming - a side effect of the low pre-owned inventories.
Rates remain low and the economy is recovering. We live in exciting times!
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.
Maumee School District Long Term Real Estate Market Statistics
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