Welcome to my May 2009 report on the state of the real estate market for Geauga County. Please feel free to refer to previous postings 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 May, 2009) is decrease in the number of homes for sale from the same month last year. In May of 2008 there were 879 homes on the market, of which 51 sold. In May of 2009, there were 800 homes on the market (a decrease in inventory 79 homes from one year to the next), of which 53 sold. In May of 2008, for those homes that did sell, they were on the market an average of 106 days. For those homes that sold in May of 2009, the average days on market were 154, representing an increase of 48 days from one year to the next. 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 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! I specialize in home staging and aggressive marketing. I would love to sit down and talk about your situation any time!
Please feel free to visit my websites to learn more!
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