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Local Market Update – February 2016

February sales of single-family homes in Lucas and Upper Wood County reported by the Toledo Regional Association of REALTORS® totaled 342. This was an increase of 4% compared to February of 2015. Sales volume generated by February activity totaled $42 million, which was up 10% from 2015. The median sales price was $107,750 (up 25% compared to February 2015), and the average sales price was $126873 (an increase of 8% compared to last February). 697 listings were added to the system in February, which was up 20% from last February’s 580, and inventory of single-family listings showed 3,060 available at month’s end which represented a supply of 9.3 months which is down 10% from February of 2015 .

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