neohiorealtor.com Blog

Welcome to my June 2008 report on the state of the real estate market for Geauga County. I’ve been doing these reports on another blog site for months now and figured it was time to post them here as well! If you would be interested in seeing market reports for additional counties in NE Ohio, please let me know and I’ll be happy to start posting them as well!

As a service to all potential buyers and sellers, I would be happy to provide you with statistics on your county, your town, your price range, etc. so you can get a clear picture of how many homes are selling and how long they take to sell. To give you an overall picture of Geauga County as a whole, I’ve included a few statistics for your review!

The current trend (as of June, 2008) is a healthy decrease in the number of homes for sale. In June of 2007 there were 995 homes on the market, of which 96 sold. In June of 2008, there were 892 homes on the market, of which 60 sold. In June of 2007, for those homes that did sell, they were on the market an average of only 94 days. For those homes that sold in June of 2008, the average days on market were 100, representing a slight increase of only 6 days from one year to the next. So, the number of homes on the market has reduced and the number of homes sold has reduced as well. Refer to the chart below for a visual representation:

What does this mean if you’re thinking of selling and you want to be amongst the SOLDs? It’s simple!