Real Estate Market Update for
44233 (Hinckley, OH)
Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 29% from one year earlier, and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month. Compared to last year, the average number of days units spent on the market before being sold was down 10%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 370-thousand dollars. The number of units sold increased 100% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.