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