Perrysburg Blog

Active Listings -424

Pending Listings – 58

Price Range of Active Listings – $38,000 to $1,250,000

Price Range of Pending Listings – $30,000 to $539,000

Median Price, May 2008      $180,000

Median Price, May 2006      $204,875

Median Price, May 2007      $183,150

Closed Sales May 2008        41

Closed Sales May 2007        43

Closed Sales May 2006        44

My take:  The market remains incredibly price sensitive with a steady pace of sales.  Banks are dumping inventory.  Sellers who have to sell?  They can sell.  Sellers who are thinking of selling?  They ought to sit right where they are.   Sellers who don’t need to sell ought to stay put.  The buyers who are buying are in the driver’s seat.   Banks are skittish.  Appraisers are out of their minds.  Every deal is a tough deal.   But every closed sale is a hoot and a holler!

The Perrysburg market remains healthier than most in the Northwest Ohio area.   And the number of foreclosed homes here is lower than anywhere else.

As of today there is a 7 months supply of inventory in Perrysburg of residential homes for sale.