Perrysburg OH 2009 2nd Quarter Market Report

By
Real Estate Agent with The Danberry Co.- Toledo, Perrysburg, Sylvania, & NW OH OH#2005014123

Here are the numbers for the second quarter of 2009 for Perrysburg (including township):

Perrysburg OH 2009 Q2 Market Stats

 

Perrysburg OH 2008 Q2 Market Stats

 

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!

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