Here's the Cuyahoga Falls, Ohio real estate market report for April, 2011 for single family homes:
73 New Listings in the month of April with 50% of those in the price range between $90,000 and $140,000.
52 New Pending Sales in the month of April with sales prices ranging from $24,900 to $349,900.
27 New Closed Sales in the month of April with sales prices ranging between $21,787 to $166,500.
Again there is more activity in the lower price ranges as the market is being driven by first time home buyers and investors who are buying up bank owned properties.
This numbers indicate that the number of homes available for sale continues to increase as new listings coming on the market outnumber new sales. Currently there are 311 single family homes for sale in Cuyahoga Falls which is a 12 month supply of inventory...a buyer's market. A balanced market is considered to be six months.
When you are ready to buy or sell in Cuyahoga Falls call me...I can help.
Tony Morganti, CRS, ABR