Apple Valley Ohio Lake Community by Sam Miller

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Knox County Ohio Homes For Sale Vs. Pending Sales on June 19,2014

Knox County Ohio Homes For Sale Vs Pending Home Sales

There are 56 residential home sales pending in the Knox County Ohio market overall, leaving 289 homes for sale. The resulting pending ratio is 16.2% (56 divided by 345). 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.   Taking a closer look, we notice that the $150K - $200K price range has a relatively large number of contracts pending sale.

We also notice that the $100K - $150K price range has a relatively large inventory of properties for sale at 80 listings. The median list price (or asking price) for all properties in this market is $139,900. 

View all of our available Knox County Ohio homes for sale at this link.

Sam Miller of REMAX Stars Realty 740-397-7800 KnoxCountyOhio.com

Comment balloon 0 commentsSam Miller • June 19 2014 05:24PM

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