Market Trends 43452, Fall 2024

glenda • October 4, 2024

Local Market Trends, Port Clinton, OH: Fall 2024


The real estate market is currently experiencing a tight inventory with only 2.65 months supply available. This low inventory level indicates a high demand for homes, which can often lead to increased competition among buyers. 


The 12-month change in months of inventory is -20.42%, showing a significant decrease in the amount of time it takes for homes to sell. This can be attributed to the strong demand in the market and the limited supply of available homes.


Homes are spending a median of 32 days on the market before being sold, indicating a relatively quick turnaround time for sellers. This quick pace can be beneficial for both buyers and sellers, as it allows for efficient transactions to take place.


The list to sold price percentage is 97.4%, showing that sellers are able to sell their homes for close to their asking price. This can be a positive sign for sellers, as it indicates a strong market where buyers are willing to pay the listed price for properties.


The median sold price in this market is $333,250, reflecting a healthy and stable price range for homes. This can be reassuring for both buyers and sellers, as it indicates a consistent market value for properties.


Overall, these metrics paint a picture of a competitive and active real estate market. Buyers may need to act quickly to secure a property, while sellers may benefit from the strong demand and favorable selling conditions.


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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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