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Local Market Update August 2016

August sales of single-family homes in Lucas and Northern Wood County reported by the Toledo Regional Association of REALTORS® totaled 550. This was a decrease of 3% compared to August of 2015. Sales volume generated by August activity totaled $81 million, which was up 9% from 2015. The median sales price was $117,250 (up 7% compared to August 2015), and the average sales price was $147,162 (an increase of 12% compared to last August). 750 listings were added to the system in August, which was down 7% from last August’s 804, and inventory of single-family listings showed 3,622 available at month’s end which represented a supply of 6.6 months which is down 6% from August of 2015 .

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