The real estate market in the Eastwood School District for the year 2017 showed some positive signs.
While sales were down, prices were up! How could that be? We're seeing the same phenomenon in most area markets. Prices are being driven higher by a lack of inventory - the old supply versus demand formula in action. You could also express it as more buyers than sellers. Either way, people want new homes but there aren't enough to satisfy the demand.
You might say that some homes are not selling very well, but, typically, they are overpriced for their condition or the sellers are unwilling to make their homes attractive to buyers. In a super hot market, that would not make any difference. However, we are in a strong market, but not an out of control market. In the end, this is the best type of market.
While prices are rising, they are rising modestly. The current level of activity tends to keep the market more stable and indicates that 2018 should also be a good, solid, stable year for real estate.
To search for homes, visit: http://homesearch.toledoareahomes.com...
Kelley Knitz has been a RE/MAX agent for over 26 years and is in the RE/MAX Hall of Fame and is a long time member of the Toledo Board of Realtors Million Dollar Club.