One thing I have noticed as I have been in the real estate industry is that people are starving for information. The decision to sell your home is one of the biggest financial decisions you will ever make. I don’t know about you, but the more information I can get when making a big decision the better. A question I get asked a lot is “How is the real estate market doing locally?” as well as “What are the real estate values?”
Below you will find some charts and information I have pulled together to help answer that question. This data is based on the most recent Ohio Local MLS Stats Report from August 2015 (YES! This is Mansfield area specific! Because in real estate it is all about location.)
This report shares some good news. The real estate market continues to get stronger. Sales dollar volume increased 9.4% from August 2014. Wait, what does that mean? That means just over $20 million dollars worth of real estate was sold in the Mansfield MLS area in August. That’s a lot of homes.
The number of homes sold in August 2015 increased as well from last year. This August, 191 homes or condos sold versus 186 during the same time last year. Higher number of transactions are signs of a healthier market.
Finally, another question I get a lot is “how much are homes selling for?” Or, “how much is my home worth?” The average home sold for $105,488 in the Mansfield MLS in August 2015. This also is an increase from last year when the average home price was just $98,900.
Of course, the market value of a home varies dramatically based on many factors. Zillow or other free tools can give you an idea but a licensed REALTOR can really get specific. If you are interested in selling your home, you can contact me, Stephanie Webb. I’ll provide you a free neighborhood competitive analysis and review your home to give you an idea of the recommended listing price. Contact me today to make your free appointment at firstname.lastname@example.org or 567.307.0750.
*All data is sourced from the Ohio Local MLS Stats Report for August 2015
This blog post is written by Stephanie Webb, a licensed agent with Sluss Realty and a member of the Mansfield Board of Realtors, Ohio Association of Realtors and National Association of Realtors. If you are interested in selling your home please contact me at 419.709.0489, email@example.com or on Facebook at http://www.Facebook.com/MansfieldOhioRealEstate