If you are thinking of selling your home you probably have a lot of questions. What is the length of time it takes a home like mine to sell? What are homes selling for in my area? How much would you list my home for? How is the real estate market doing in Mansfield? Lexington? Ontario?
As we enter into Thanksgiving, Christmas and the holiday season I decided to take a look back at the last 5 years of real estate information to show different trends in Richland County real estate and help answer some of the most common questions. The data includes information from 2010, 2011, 2012, 2013 and 2014.
Lets dive in. In the last 5 years the total yearly sales numbers have increased every single year. This is really encouraging. This means that each year there have been more sales than the year before! Very good news for sellers.
Speaking of good news for sellers, the average price a home sold for in Richland County increased 20.7% from 2010 to 2014. The average price a home sold for was $82,552 in 2010 and rose to $99,670 in 2014. Of course, this is just the average and many homes sold for much more or much less.
A big stress for many sellers is wondering how long it will take their home to sell. I get it. Making necessary repairs, cleaning for showings, staging — selling can be stressful. Also, there are so many important factors that go into a successful sale including choosing the right real estate agent, (hint: choose Stephanie Webb!) pricing and marketing to name a few. The great news is we are seeing the average days on market before a home sells to be decreasing. In 2010, the average days a home was on the market was 137 and that decreased to 114 in 2014.
If you are thinking of selling your home or just have questions about the listing process, I would be happy to answer any questions you have. Contact Stephanie Webb at 419.709.0489 or via email at email@example.com.
*Source: All data was pulled from the MLS for sale in Richland County, Ohio.