Here are the numbers for the second quarter of 2009 for Sylvania (including the township):
Here's a side by side comparison of 2009 vs. 2008:
2009 2008 Difference
Units Listed 183 227 -44 (-19.4%)
Units Sold 96 98 -2 (-2.04%)
Inventory Accumulation 2.72 3.95 -1.23 (-31.1%)
Average Sold Price $185,494 $195,110 -$9,616 (-4.9%)
Median Sold Price $165,000 $179,850 -$14,850 (-8.3%)
Average DOM 119 132 -13 (-9.8%)
As you can see, the results are mixed, although mostly positive. With less units listed and the same number sold, that means less overall competition and a lower inventory amount. Houses have been selling, on average, almost 10% quicker versus last year. The negative is that prices have been down versus 2008, although when compared with other areas (locally and nationally), the price drop isn't very significant at all.
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Don't forget that the first time home buyer's tax credit disappears on December 1st, the time to buy is TODAY!