Looking at the chart to the right, you might be wondering why average days on market (DOM) is important. This is a useful measurement because it can help us to determine whether we are in a buyer's market (indicated by high DOM), or a seller's market (indicated by low DOM). Mount Vernon, Ohio active listings (properties for sale) have been on the market for a median time of 101 days.
Analysis of these Mount Vernon, Ohio sold properties for the last six months reveals a median sold price of $103,500 and 88 days on market. Notice that properties in the $0K - $50K price range have sold quickest over the last six months which is easy to understand because the monthly payment on these homes could be twice as low compared to the average rental rate in Mount Vernon, Ohio. This price range is also very attractive for investors and landlords because affordable homes offer great investment value and positive cash flow potential.
If you are in the market for a Mount Vernon, Ohio home for sale be sure to click on this link and view all of our available homes for sale in Mount Vernon, Ohio.
Sam Miller Team of REMAX Stars Realty 740-397-7800 Knox County Ohio Real Estate