Perrysburg Blog

Here’s a snapshot of August’s real estate activity for Perrysburg (City and Township):

Available Homes
# Available: 385
Average Days on the Market: 153
Median Asking Price: $215,000

Pending Sales
# Pending: 40
Average Days on the Market: 117
Median Asking Price: $182,900

Closed Sales – August 2009
# Closed: 43
Average Days on the Market: 87
Median Sales Price: $159,000
Months Supply of Inventory: 6.4

My take:  We have just seen the beginnings of the return to normalcy.  What?  Normal Summer sales increases.   I will take that.   Prices are still dropping.  And the market is still very, very price sensitive.

Notice how well priced homes sell much quicker . . .

Welcome back – seasonality.  I have missed you for the past 6 or 7 years.    What is unknown is the effects (most likely bad) of the $8k home buyer tax credit on this market and the continuing effects of more and more lender owned inventory coming on line, and the effects of the the incredibly inept leaders we have on jobs and exports.

But NONE of that is in either my control or purview- I just sell houses in Perrysburg.