neohiorealtor.com Blog

Welcome to my August 2008 report on the state of the real estate market for Geauga County. Please feel free to refer to last month’s posting to watch for changes.

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 August, 2008) is a healthy decrease in the number of homes for sale. In August of 2007 there were 1002 homes on the market, of which 101 sold. In August of 2008, there were 900 homes on the market, of which 54 sold. In August of 2007, for those homes that did sell, they were on the market an average of 100 days. For those homes that sold in August of 2008, the average days on market were 77, representing a solid decrease of 23 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, but there does seem to be some improvement occuring. 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!