Green, Ohio Market Report

By
Real Estate Agent with America's 1st Choice RH Realty Co., Inc.

Home sales in Green, Ohio are showing a slight recovery over the trend for the past year.  Sales increased steadily during the first three quarters of 2007 but dropped to an all time low in the fourth quarter.  The first quarter of 2008 began to show a slight recovery while the second quarter 2008 outperformed all previous periods going back to the beginning of 2007.

Graph

 Average home sales in Q2, 2008 was $223,793.00 compared to $202,662.00 during the same period a year ago.

Average square footage of homes sold in Green, Ohio increased from 2,205 sq/ft in the second quarter of 2007 to 2,384 in Q2 of 2008.

 Average "Days on Market dropped significantly from the second quarter 2007 (130 DOM) compared to the second quarter 2008 (107 DOM).  It must be noted that the number of days a home was on the market in each quarter from Q1 2007 through Q1 2008 were all in excess of 130 days.  In fact, the first quarter 2008 posted the highest average days on market of 141 days during that period.

 The number of homes sold during Q2 2008 indicates a recover over previous quarter sales and was slightly lower than the same period a year ago.  Sixty seven homes were sold in Green during the second quarter of 2008; seven fewer than the second quarter 2007.

GraphGreen, Ohio home sales appear to be following a similar trend seen in 2007 with an increase in home sale during the second quarter of each year compared to the number of sales in the previous quarter.  In order to determine if market trends remain unchanged from the previous year it will be necessary to view sales data for each quarter of 2008.  It is speculated that market trends will remain the same (i.e. show a similar pattern of sales) when 2008 is compared to 2007.

However, sales figures during the third and fourth quarters of 2008 will provide important information related to an increase in sales trend or a similar trend to the previous year.

 Valuations do appear to be increasing slightly in Green, Ohio amid reports in the media of decreasing valuations in surrounding markets.

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Rainmaker
44,589
Stanley Barsch
Realty Executives Premier - Silver Spring, MD
Realtor, GRI - 240.882.8512

Jon - First of all why are the charts blue and red, aren't they supposed to be GREEN? :)  All kidding aside, it looks like your market is improving a bit, that is good.

Stan Barsch

Aug 02, 2008 03:36 AM #1
Rainer
350,824
* Rate A Home
Rate A Home - Saugatuck, MI

Jon, lloks like the ship is turning in your area, to kewl. Nice report!

Aug 02, 2008 03:51 AM #2
Rainmaker
346,423
Dawn Maloney
RE/MAX Trinity Northeast Ohio Real Estate Specialist - Hudson, OH
330-990-4236 Hudson & Northeastern Ohio

Jon, great job!  If you want to see some other examples of excellent market reports, check out Neal Bloom and others. Neal is a great one to ask questions about what works well for him. I have learned a lot from him. Brian Block also does informative and super reports. You are doing so very well - #4 in Summit County!!!! Woohooo!!!!

Aug 02, 2008 05:22 PM #3
Rainer
132,369
Jon Wnoroski
America's 1st Choice RH Realty Co., Inc. - Green, OH
Summit County Realtor

Stan, good point  lol  I'll have to change my color sheme!  lol

Aug 03, 2008 12:11 AM #4
Rainmaker
189,491
Debra Kukulski, Broker Associate
RE/MAX Suburban - Cary, IL
SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL

This is some good news!

I just LOVE your golfer animation....where did you acquire that?  I would love to find one of someone boating on a lake!

Aug 03, 2008 02:21 AM #5
Rainer
132,369
Jon Wnoroski
America's 1st Choice RH Realty Co., Inc. - Green, OH
Summit County Realtor

Hi Debra.  The golfer animation is an avatar.  You can go to www.meez.com(it's free) to build your own avatars.  I posted (see the link below) my comments on having fun with avatars earlier in AR.  I can't take credit for discovering this site... I learned about it from another post on AR.

Check it out.. and have fun!

Playing With Avatars

Aug 03, 2008 03:27 AM #6
Rainmaker
189,491
Debra Kukulski, Broker Associate
RE/MAX Suburban - Cary, IL
SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL

Jon, thanks so much!!!

Aug 06, 2008 02:00 AM #7
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Rainer
132,369

Jon Wnoroski

Summit County Realtor
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