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 overall economy continues to strengthen as we all hope it will. You can expect some bumps in the road but we're heading the right direction.
The real estate market in the Maumee Schools area is reflective of the general state of the market through out Northern Ohio.
The inventories of available homes for sale continue to decrease while buyers, encouraged by record low mortgage rates, are desperately seeking homes to buy.
The results are as you would expect. The average days on the market continue to decrease while at the same time actual closed sales are also decreasing - caused by the lack of saleable inventory.
The average sale price - the average price of the homes sold in August 2020 - continues to increase as buyers are stretching to buy as much home as they can afford.
This is exactly is exactly what a sellers market looks like.
As always, the market is in need of more homes for sale to appease buyers that are hungry to live in Maumee.
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 real estate market in the Maumee Schools area is reflective of the general state of the market through out Northern Ohio.
The inventories of available homes for sale continue to decrease while buyers, encouraged by record low mortgage rates, are desperately seeking homes to buy.
The results are as you would expect. The average days on the market continue to decrease while at the same time actual closed sales are also decreasing - caused by the lack of saleable inventory.
The average sale price - the average price of the homes sold in August 2020 - continues to increase as buyers are stretching to buy as much home as they can afford.
This is exactly is exactly what a sellers market looks like.
As always, the market is in need of more homes for sale to appease buyers that are hungry to live in Maumee.
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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