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 onset of the corona virus has rippled through our economy in many destructive ways. The real estate business has not escaped either.
The current report, for April 2020 transactions, shows that the Perrysburg School district experienced what is reflected in the whole of our district.
Inventories are down as some existing homes are sold while sellers are hesitant to put new offerings on the market. While we have been experiencing low inventories, we are very low for this time of the year.
Days on the market showed a big increase indicating that homes that have been on the market for a while are lagging.
The number of closed sales also contracted alarmingly - although not unexpected.
Throughout all this, prices have remained steady. The average sale price in the Perrysburg area was basically flat compared to last year.
Buyers and sellers are expected to be tentative until we work through the present crisis. Realtors will have to take into account what's holding the market back and present their clients with new methods and ideas that are more attractive in this type of market.
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 current report, for April 2020 transactions, shows that the Perrysburg School district experienced what is reflected in the whole of our district.
Inventories are down as some existing homes are sold while sellers are hesitant to put new offerings on the market. While we have been experiencing low inventories, we are very low for this time of the year.
Days on the market showed a big increase indicating that homes that have been on the market for a while are lagging.
The number of closed sales also contracted alarmingly - although not unexpected.
Throughout all this, prices have remained steady. The average sale price in the Perrysburg area was basically flat compared to last year.
Buyers and sellers are expected to be tentative until we work through the present crisis. Realtors will have to take into account what's holding the market back and present their clients with new methods and ideas that are more attractive in this type of market.
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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