Housing Market Statistics

Mahoning County Market Watch Report June 2013

Submitted by Patty Massare on Thu, 2013-07-18 10:51

Real estate agents are pretty busy these days as the real estate market in Mahoning County continues to improve.  Some meaningful statistics from the Monthly Market Indicators report, comparing year-to-date June 2013 to June 2012:

  • Pendings + 11.4%
  • Closings + 14.4%
  • Days on Market went down from 150 days in June 2012 to 119 in June 2013, a 20.8% decrease
  • Median Sales Price + 5.1%
  • Average Sales Price + 6.1%, from $94,996 in June 2012 to $100,794 in June 2013.  It's been a while since our average sale price exceeded the $100K mark
  • Inventories remain low, with only a 7 month supply of homes currently on the market

To read the full report, click on the attachment link below this post.  

Report provided by the Youngstown Columbiana Association of REALTORS®.

'Boomerang Buyers' Are Staging a Comeback

Submitted by Patty Massare on Tue, 2013-07-16 16:58

What are Boomerang Buyers?  Buyers who went through a Short Sale, Foreclosure or Deed-In-Lieu with their lenders over the past several years and have since saved up the money for a down payment and cleaned up their credit as much as they could.  Read on to learn how you may be able to become a homeowner again.

'Boomerang Buyers' Are Staging a Comeback -

Former home owners who went through a foreclosure, short sale, or bankruptcy are ready to buy again and poised to flood the market. Will you be... [Nar Daily News Magazine]

Mahoning County Market Indicators March 2013

Submitted by Patty Massare on Tue, 2013-04-23 12:59

What does the real estate market look like in Mahoning County for the first quarter of 2013 compared to the first quarter of 2012?

  • Pending Sales are UP 10%
  • Closed Sales are UP 17%
  • Median Sales Prices UP 17%
  • Average Sales Prices UP 14%

It is taking less time, on average, to get homes sold . . . down to 120 days from 147 days. 

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Mahoning County Real Estate Market Indicators November 2012

Submitted by Patty Massare on Thu, 2012-12-20 16:38

What's Up?  Pending Sales, Closed Sales, Median and Average Sales Prices . . . the upward trend continues!

What's Down?  Days on Market . . . a good thing. 

What about available inventory?  We have only 8.4 months supply of available homes, down 24.8% from 11.2 months in November of 2011.  Low inventory levels continue to provide a challenge to the ready, willing and able buyers out there. 

Ready to sell your home?  Get geared up now to put your house on the market right after the holiday.  Take advantage of the fact that pre-approved buyers are waiting in the wings for the right property to become available.

Contact Us for a complimentary market analysis to learn the current value of your home. 

 

Click on the Attachment link below to view the full November 2012 Market Indicators report provided by the Youngstown-Columbiana Association of REALTORS®.

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More Americans Believe Economy Headed in Right Direction

Submitted by Patty Massare on Tue, 2012-12-11 15:20

More Americans Believe Economy Headed in Right Direction - Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy. According to results from Fannie Mae’s November 2012 National Housing Survey, such improvement bodes especially well for continued strengthening in the housing sector, which in turn is likely to support overall economic growth. [...] [Daily Real Estate News]