Northwest Ohio Local Market Update – January 2016
January sales of single-family homes in Lucas and Upper Wood County reported by the Toledo Regional Association of REALTORS® totaled 336. This was an increase of 13% compared to January of 2015. This increase may be attributed to a backlog of closings due to changes from the Consumer Federal Protection Bureau. Sales volume generated by January activity totaled $36 million, which was up 24% from 2015. The median sales price was $96,750 (up 11% compared to January 2015), and the average sales price was $117,725 (an increase of 7% compared to last January). 541 listings were added to the system in January, which was down 11% from last January’s 608, and inventory of single-family listings showed 2,963 available at month’s end which represented a supply of 8.8 months which is down 16% from January of 2015 . CLICK HERE for the full report.