Welcome to my September 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 September, 2008) is a healthy decrease in the number of homes for sale. In September of 2007 there were 942 homes on the market, of which 73 sold. In September of 2008, there were 848 homes on the market (a drop in inventory of nearly 100 homes from last year to this year!), of which 52 sold. In September of 2007, for those homes that did sell, they were on the market an average of 96 days. For those homes that sold in September of 2008, the average days on market were 101, representing an increase of 5 days from one year to the next. Note also that last month there were 900 homes on the market, of which 55 sold, compared to 848 homes this month and 52 sales – the number of homes on the market is dropping but the number of sales isn’t dropping at the same rate (and that’s a good thing!). 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 occurring. 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!
If you have all three of these, there is no reason you shouldn’t end up with a nice big “SOLD” sign in your yard, but miss any one of them and you’ll be sitting around waiting…
If you would like to receive a free copy of a market report, please contact me. I’d be happy to help! If you’d like to learn more about what it takes to sell in a correcting or down market, let me know! My team specializes in home staging and aggressive marketing. We would love to sit down and talk about your situation any time!
Please feel free to visit any of our 5 websites to learn more!
www.theneoteam.com
www.clevelandareaproperties.com
www.horsepropertyohio.com
Dan’s Realty One Website
Barb’s Realty One Website
