Apple Valley Ohio Lake Community by Sam Miller

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Mount Vernon Ohio Housing Report Compares Active Listings To Pendings

 

Let's take a look at the Mount Vernon, Ohio real estate market.  Currently there are 10 home sales pending in the market overall, leaving 133 listings for sale.  The resulting pending ratio is 7.0% (10 divided by 143).  So you might be asking yourself, that's great... but what exactly does it mean?  I'm glad you asked!

 

Mount Vernon Ohio Active Home Sales Compared to Pending Sales by Sam Miller

The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.  The median list price (or asking price) for all properties in this market is $124,900.   You can view all of our available Mount Vernon, Ohio homes for sale by visiting this link.

Sam Miller of REMAX Stars Realty 740-397-7800 Knox County Ohio Real Estate.

Comment balloon 4 commentsSam Miller • February 15 2014 08:21PM

Comments

Good information . who did the reserach and the graph?

Posted by Joe Jackson, Clintonville and Central Ohio Real Estate Expert (Keller Williams Capital Partners Realty) over 4 years ago

Looks like there is a nice flow of home buying activity up to the $200,000 price range which is outstanding for this winter season.

Posted by Apple Valley Lake (REMAX Stars Realty) over 4 years ago

The median asking price for a Mount Vernon, Ohio home for sale is near $125,000 which is very similar to where the market was before the economic melt down in 2007.

Posted by Carol Miller, Apple Valley Lake (RE/MAX Stars Realty) over 4 years ago

I wonder what the first 6 months of 2014 will look like?

Posted by Joe Jackson, Clintonville and Central Ohio Real Estate Expert (Keller Williams Capital Partners Realty) over 4 years ago

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