Perrysburg 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 the video.
Click the picture below to view the video.
The real estate market in the Perrysburg School District area appears to be softening somewhat. Inventories increased year over year while the average days on the market ballooned as closed sales decreased.
The average sale price - which is the average of the homes sold in the month of February - was up sharply.
So what does this mean? The increasing days on the market, decline in sales, and growing inventories mean less price appreciation in the short term which may be exactly what buyers are looking for, especially after the Federal Reserve reduced rates a short while ago.
Obviously, there is unsold inventory that is either over priced, not withing the price range of most buyers, or not in acceptable condition for today's buyers.
The upcoming spring market will tell us more!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 sale price - which is the average of the homes sold in the month of February - was up sharply.
So what does this mean? The increasing days on the market, decline in sales, and growing inventories mean less price appreciation in the short term which may be exactly what buyers are looking for, especially after the Federal Reserve reduced rates a short while ago.
Obviously, there is unsold inventory that is either over priced, not withing the price range of most buyers, or not in acceptable condition for today's buyers.
The upcoming spring market will tell us more!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.
Perrysburg School District Long Term Real Estate Market Statistics
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