Real estate markets are local. So the trends and statistics reported on national, or even regional, housing activity may be very different from what is happening here in the Mahoning Valley.
When you're a real estate broker, people always ask you 'how is the market?' I feel like I should have some kind of canned answer for that question, but I don't. It's complicated, and it's different by community, by neighborhood, and also by price range. That's why it's important to be informed about what homes are selling for in your particular community and neighborhood before making any selling or buying decisions.
Speaking in generalities for our tri-county area, median sale prices have been steadily increasing at a slow pace for the past several years. Pendings and sales are holding steady despite the fact that there are fewer and fewer homes for sale to pick from. Now we're approaching the holiday season, so I don't anticipate we will see much of a spike in new listings until after the new year, which can be very frustrating for would-be buyers in the more desirable areas.
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. CENTURY 21 Lakeside Realty Is a member of the National Association of REALTORS® Equal Housing Opportunity.