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Local Market Update – May 2016

May sales of single-family homes in Lucas and Northern Wood County reported by the Toledo Regional Association of REALTORS® totaled 586. This was an increase of 12% compared to May of 2015. Sales volume generated by May activity totaled $81 million, which was up 17% from 2015. The median sales price was $121,000 (up 4% compared to May 2015), and the average sales price was $139,709 (an increase of 5% compared to last May). 824 listings were added to the system in May, which was down 11% from last May’s 922, and inventory of single-family listings showed, 570 available at month’s end which represented a supply of 6.1 months which is down 16% from May of 2015 .

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