Apple Valley Ohio Lake Community by Sam Miller

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Mount Vernon Ohio Real Estate Report For Past 6 Month by Sam Miller

 

The recent history of Mount Vernon, Ohio home sales can be seen in the two charts below. The median sold price for the last 30 days was $91,250 with a DOM of 151 days.

Mount Vernon Ohio Median SOLD and Median Days on Market Report by Sam MillerSince the recent DOM is greater than the median DOM for the last 6 months, it is a negative indicator for demand. It is always important to realize that real estate markets can fluctuate due to many factors, including shifting interest rates, the economy, or seasonal changes. 

 

Ratios are simple ways to express the difference between two values such as list price and sold price. In our case, we typically use the list-to-sale ratio to determine the percentage of the final list price that the buyer ultimately paid. It is a very common method to help buyers decide how much to offer on a property.

Analysis of the absorption rate indicates an inventory of 6.3 months based on the last 6 months of sales. This estimate is often used to determine how long it would take to sell off the current inventory of properties if all conditions remained the same. It is significant to mention that this estimate does not take into consideration any additional properties that will come onto the market in the future. 

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 Mount Vernon, Ohio real estate listing inventory.

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

Comment balloon 2 commentsSam Miller • February 16 2014 07:39AM

Comments

The Mount Vernon, Ohio median SOLD price graph is very interesting because it shows the pricing trend by month.  

Posted by Sam Miller, Knox County Ohio Real Estate Specialist (RE/MAX Stars Realty) about 4 years ago

I like these graphs because they show timely home sales activity by each month.

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

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