How are homes selling? What's the market like? How bad is it? Is the real estate market as bad as the media says? If you are involved in real estate, these are the questions that you most frequently hear. Everyone is sitting by their TV's and reading their newspapers and believing it! If you are one of those consumers, keep reading...
While many markets may be suffering, I am proud to announce that Barnesville, Ohio is thriving. In this village Where History Meets Progress, the total market is UP 48% compared to last years sales. Here's the breakdown...
January 2008 to June 2008 - 30 Residential Sales have taken place in Barnesville compared to 22 sales from the same period one year ago.
January 2008 to June 2008 - Volume of sales $2,673,975 compared to $1,620,070 from the same period one year ago. Just about a $1million dollar increase!
Total Commercial Property sales have also increased by 16% from last year.
The amount of inventory is also more reasonable. During this period in 2007, there were 78 active listings, while in the same period this year, there were 45 active listings.
The market is great in Barnesville and now is the time to buy or sell.