Sylvania OH 2009 2nd Quarter Market Report

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.

Contact me today to get a free analysis of your home's value!

Don't forget that the first time home buyer's tax credit disappears on December 1st, the time to buy is TODAY!