Winning Strategies in Real Estate: 2014 Year End Real Estate Market Update for Cuyahoga Falls

2014 Year End Real Estate Market Update for Cuyahoga Falls

2014 Year End Real Estate Market Update for Cuyahoga Falls

 

Cuyahoga Falls

Home sales statistics for Cuyahoga Falls for 2014 for single family homes are:

 

  • 577 Homes sold in 2014  or 48 per month
  • Median list price was $109,900
  • Median sales price was $106,900 or 97.47% of list price
  • Median Days on Market time was 51 days

 

Statistics for single family homes currently listed for sale:

 

  • 209 Active listings for single family homes
  • Median list price is $114,000
  • Median Days on the Market time is 93 days

 

At the 2014 sales rate of 48 single family home sales per month, there is currently a 4.3 month supply of single family homes available in Cuyahoga Falls.

A real estate market is generally considered to be "balanced" when the supply of available listings is in the 5 to 6 month range.  Less than 5 is considered to be a seller's market.

 

If you are thinking about listing your home for sale, now would be a good time before the early spring market (February and March) when an influx of new listings will create a more balanced market and more home listings to compete with.

 

Do you have questions about selling?  About the current value of your home? Call me for a FREE no obligation consultation.  I'll be glad to help.

 

 

 

Tony Morganti, CRS, ABR

330-352-9513

Comment balloon 1 commentTony Morganti • January 04 2015 09:25AM

Comments

Thank you for the market up date for your area Cuyahoga Falls.  I wish you a very seccessful 2015. 

Posted by Tim Lorenz, 949 874-2247 (TIM LORENZ - Elite Home Sales Team) about 3 years ago

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