Winning Strategies in Real Estate: Cuyahoga Falls, Ohio Real Estate Market Update for January 2011

Cuyahoga Falls, Ohio Real Estate Market Update for January 2011

Here's the news for the Cuyahoga Falls, Ohio real estate market last month.........single family homes.

 

New Listings for January: 64 new listings.  14 were bank owned.  4 were listed as short sale properties.

80% of the listings were priced below $150,000.

 

New Pending Sales for January:   24 New pendings.   11 were bank owned.  4 were listed as short sale properties.

96% of the new pending sales were priced below $150,000.

 

New Closed Sales for January: 26 New closed sales.  12 were bank owned.  1 was listed as a short sale.

85% of the new sales were below $150,000.

 

There is no doubt that the most movement is in the lower prices and in particular with bank owned properties, short sale properties and first time home buyers.  

 

Currently there are 276 single family homes available for sale in Cuyahoga Falls.  That translates to an 11 month supply of inventory and indicates a continuing buyers market.

 

Tony Morganti, CRS, ABR

330-352-9513

Comment balloon 0 commentsTony Morganti • February 02 2011 04:54PM

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