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Local Market Update – April 2016

April sales of single-family homes in Lucas and Northern Wood County reported by the Toledo Regional Association of REALTORS® totaled 462. This was an decrease of 6% compared to April of 2015. Sales volume generated by April activity totaled $69 million, which was up 16% from 2015. The median sales price was $124,000 (up 18% compared to April 2015), and the average sales price was $150,772 (an increase of 25% compared to last April). 809 listings were added to the system in April, which was down 6% from last April’s 857, and inventory of single-family listings showed 3,420 available at month’s end which represented a supply of 7.4 months which is unchanged from April of 2015 .

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