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January 2017 – Local Market Update

January sales of single-family homes in Lucas and Northern Wood County reported by the Toledo Regional Association of REALTORS® totaled 316. This was a decrease of –8% compared to January of 2016. Sales volume generated by January activity totaled $42 million, which was up 7% from 2016. The median sales price was $113,000 (up 19% compared to January 2016), and the average sales price was $132,376 (an increase of 15% compared to last January). 579 listings were added to the system in January, which was up 1% from last January’s 573. Inventory of single-family listings showed 2,191 available at month’s end which represented a supply of 7 months which is unchanged from January of 2016.  CLICK HERE for the full report.

January Housing Pic