Fall Market Trends: 43452

glenda • September 19, 2023

When it comes to real estate, there are several key metrics that can give us valuable insights into the Port Clinton / Catawba Market. Let's take a closer look at how these metrics correlate and what they mean for both buyers and sellers.


First, let's talk about the months supply of inventory, which currently stands at 2.94. This metric represents the number of months it would take to sell all the available homes on the market at the current pace of sales. A lower number indicates a seller's market, where demand exceeds supply, resulting in potentially higher prices.


Now, let's consider the 12-month change in months of inventory, which has seen a significant increase of 71.93%. This means that compared to the same period last year, the supply of homes has increased, potentially creating a more balanced market. This increase could be due to various factors such as an influx of new listings or a slight decrease in demand.


Moving on, the median days homes are on the market is 19. This metric provides an indication of how quickly homes are selling. A lower number suggests a faster-paced market with high demand and potentially multiple offers on properties. Buyers should be prepared to act swiftly in such a market, while sellers may have an advantage in terms of faster sales.


Next, let's look at the list to sold price percentage, which is currently at 96.9%. This metric shows the percentage at which homes are selling compared to their listing price. A higher percentage indicates that sellers are achieving a high percentage of their asking price, which can be a positive sign for sellers. However, buyers should still negotiate and conduct thorough market research to ensure they are getting fair value for their investment.


Lastly, the median sold price stands at $270,000. This represents the middle point of all the sold prices in a given area or market. It gives us a sense of the general price range of homes being sold. Buyers can use this information to gauge their budget and expectations, while sellers can use it as a reference point when setting their listing price.


In summary, these real estate metrics provide us with a comprehensive view of the market. The months supply of inventory, the change in months of inventory, the median days homes are on the market, the list to sold price percentage, and the median sold price all work together to give buyers and sellers a better understanding of the current conditions. Whether you're looking to buy or sell, it's essential to keep an eye on these metrics to make informed decisions in the real estate market.

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Current Local Market Trends

By glenda • July 29, 2025
What Buyers (all types of homebuyers including first-time and move-up buyers) Should Know About Today’s Market in Port Clinton, OH 43452 Understanding the current real estate market in Port Clinton, OH 43452, is crucial for all homebuyers, whether you're a first-time purchaser or looking to upgrade. This update provides valuable insights into market trends to aid in your decision-making process. Port Clinton currently exhibits a balanced market with 4.55 months of inventory. This means there's a healthy supply of homes available, neither favoring buyers nor sellers. For buyers, this balanced condition suggests that you have a reasonable number of options to choose from without the intense competition found in a seller's market. The slight increases in both the 1-month inventory trend (4%) and the 12-month trend (23%) indicate a gradual increase in available homes. This could mean more choices for buyers in the months to come, making it an opportune time to explore your options. Homes in Port Clinton are selling for about 96% of their asking price. This indicates that there might be some room for negotiation, though not significant. It's crucial to approach potential deals with realistic expectations, as sellers are likely to close deals at nearly their listing price. The median days on the market for homes here is 38, suggesting a steady pace. Homes are neither flying off the market immediately nor sitting for extended periods. For buyers, this steady pace allows sufficient time to make well-considered decisions without the pressure of immediate competition. With a median sold price of $339,000, the market sets a clear expectation for pricing. This figure helps potential buyers gauge affordability and align their budget accordingly. It’s particularly useful for first-time buyers to understand the financial commitment involved.  If you're considering a purchase in Port Clinton, now is a good time to delve deeper into your options. For personalized guidance and help tailoring your strategy to this balanced market, feel free to reach out to Elizabeth Partin Koneru. She can provide expert advice specific to your buying needs.

Current Local Market Trends: 43452

By glenda • March 26, 2025
Current Local Market Trends: 43452 The real estate market is currently experiencing a low inventory with a months supply of inventory at 2.71 , which indicates a high demand for homes. The 12-month change in months of inventory has decreased by 3.56% , further emphasizing the competitive nature of the market. Homes are selling relatively quickly, with a median of 57 days on the market . This indicates that buyers are actively searching for properties and are eager to make offers. The sold to list price percentage of 91.6% suggests that sellers are receiving offers close to their asking price, showing a strong seller's market. The median sold price of $323,500 reflects the overall value of homes in this market. Buyers should be prepared to act quickly and potentially pay close to the asking price, while sellers can expect to receive strong offers on their properties. In conclusion, the current real estate metrics suggest a competitive market with low inventory and high demand . Buyers and sellers should be prepared to make quick decisions and negotiate effectively to achieve their desired outcomes in this market.
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