If you were a buyer!

Median Prices in Perrysburg:

12/2008

Median Price, Active Listings – $199,900

Median Price, Pending Listings – $175,000

Median Price, Closed Sales – $180,000

409 Single Family and Condo Properties on the Market

29 Pending in Dec.

23 Closed in Dec.

11.4 months of inventory remains on the market as of 12/31/2008

Residual Inventory DOWN to 288 vs. 356 on 12/31/2006.

My comments:

More and more sellers are quiting.   Just taking their houses off the market.   Many are renting.  Some are short – selling.  Some are being foreclosed.

Many sellers are actually SELLING.

Amazing but true!   You have to have some equity and a plan (and a good agent – but I digress!) and a healthy respect for current market conditions.

Here is the chart – what is the truth?   The chart tells the truth.