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!
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.