Here are the numbers for the second quarter of 2009 for Perrysburg (including township):
Here's a side by side comparison:
2009 2008 Difference
Units Listed 197 199 -2 (-1%)
Units Sold 84 125 -41 (-32.8%)
Inventory Accumulation 4.04 1.78 +2.26 (+127%)
Average Sold Price $193,820 $207,184 -$13,364 (-6.5%)
Median Sold Price $176,250 $184,000 -$7,750 (-4.2%)
Average DOM 130 106 +24 (+22.6%)
What do the numbers mean? Overall, it is good news for buyers, not so good news for sellers. There is a larger inventory of homes for sale versus 2008 and they are selling, on average, for less than in 2008. Also, it is taking longer, on average, for homes to sell.
This means that if you are a seller, you need to be serious about your asking price as well as the condition of your home. Are you competitively priced? Is your home in top notch condition, or does it need some sprucing up and updating?
If you are a buyer, know that you should be able to get a great home at a very reasonable price. This doesn't mean that you can get any home you want at half of the listed price, as homes in great condition that are priced correctly are still selling quickly. An example is that my neighbor's home across the street had an accepted offer in one week! Why was this? It was because it was competitively priced and was in great, updated condition.
If you would like a free analysis of your home's value, contact me today!
If you are a first time home buyer, the time to buy is TODAY! The first time home buyers tax credit goes away on December 1st!