Perrysburg Ohio Real Estate Stats – November 2008
December 10th, 2008 . by Jon ModeneThe buyers are coming back.
Back to the market.
Back out to play.
Amazing what happens when markets are allowed to function.
Perrysburg Properties for Sale: 423 Active single family and condo listings
Perrysburg Properties Under Contract, November: 30
Perrysburg Listings Closed, November: 24
Average Days on the Market, Closed Listings November: 77
Months Supply of Inventory, November. 12.0
Median Sold Price – $225,000
Listings on the market, active – 11/2006 vs. 11/2008 – 514 vs. 423 -18%
This is a simple market snapshot – data is taken from the NORIS MLS and does not represent all market activity.
That said – fewer houses are on the market and it is taking a motivated seller to get a house to closing.
There are more and more bank owned homes on the market that “regular” sellers must compete with.
Last November 33 homes closed. This year? 24. Ouch.
Lots of numbers – but the pain of this market is real and immediate if you own real estate in Perrysburg and have to sell it now.
I estimate that our values are now back to 1998 levels.
Will it stop here?
Read this blog to find out!
