Real estate market data for Toledo, Ohio provided by Rick Turner of Key Realty.
Toledo Home Prices
We have seen several straight months of sold price increases on home prices in Toledo and don't expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Toledo, but having a good real estate agent who understands the market is a must. Don't wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for you home, you'll want an agent that provides a thorough market analysis of the Toledo home on which you are making an offer.
If you are interested in how much current inventory is on the market in Toledo you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Redmond, homes have a median time of 75 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Toledo has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Toledo Real Estate Report Summary
The median list price in November for single family homes in Toledo is $103,000. The list prices increased by 0.14% from the previous month.
The price per square foot for listings in this area is $66. The Average sale price in April for single family homes is $120,190. The sale prices increased by 7% from the previous month.
The price per square foot for sales in this area is $72.
Find Homes for Sale in Toledo, OH
Visit my website to search for homes in Toledo or to be notified when Toledo homes come on the market.
To find out what you home is worth in the current market email me or call 419-283-7425.