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Local Market Update – March 2016

March sales of single-family homes in Lucas and Northern Wood County reported by the Toledo Regional Association of REALTORS® totaled 451. This was an increase of 12% compared to March of 2015. Sales volume generated by March activity totaled $54 million, which was up 16% from 2015. The median sales price was $103,000 (up 7% compared to March 2015), and the average sales price was $123,248 (an increase of 5% compared to last March). 771 listings were added to the system in March, which was down 2% from last March’s 790, and inventory of single-family listings showed 3,271 available at month’s end which represented a supply of 7.3 months which is down 14% from March of 2015 .

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