Toledo Ohio Homes Sales YTD by Area & Price Range
Toledo ,Ohio Market Update YTD 2010 Re/Max
Right now, Toledo has 10.33 month supply of homes. This means that if you took all the homes currently for sale 5,540 and divided by the average number of homes sold per month this year 536.22. You get a 10.33 month supply of homes.
Theoretically, if all the homes on the market were to sell and no more homes came on the market, it would take around 10.5 months to sell them all. This is a buyer’s market.
Typically, if there is a supply less than 6 months, it’s a seller’s market.
6-7 months is a balanced market and anything over that is a buyer’s market.
Look at the charts below to see how different areas and price ranges around Toledo are doing. Don’t forget that all real estate is local. Meaning, you can’t judge how homes are selling in one neighborhood, or price range for that matter, and judge an entire market by it. That is why, when we sit down to help price your home, we not only discuss your home’s value specifically by how your neighborhood is selling, we also talk about how your target price range is selling. Very valuable information if you want to be well positioned in the market.
Both of these charts are done YTD 2010 ending September 30,2010. The information is deemed accurate but not guaranteed retrived from the MLS.
