Patty Massare's blog

What does the real estate market look like in Mahoning County for the first quarter of 2013 compared to the first quarter of 2012?

• Pending Sales are UP 10%
• Closed Sales are UP 17%
• Median Sales Prices UP 17%
• Average Sales Prices UP 14%

It is taking less time, on average, to get homes sold . . . down to 120 days from 147 days. 

Please join us in welcoming six new associates to our staff of professional Realtors®!

Check them out by clicking on the link to their profile and give them a shout:  Patty Huggins, Annette DePalmo, Caryn Panteleo, Katie Baker, Rollin Gosney, and Heather Swinyer.

With 40 closed transactions in January, and our quickly growing staff, we're sure off to a running start for 2013! 

There is definitely a pent-up demand for homes in the Youngstown suburbs.  There are lots of well-qualified buyers looking for the right home in the $150,000--$300,000 price ranges, but it's slim pickins because the housing inventory is so low.

Most of the new listings coming on the market are lower priced foreclosure properties which provides a real challenge for agents trying to help their clients achieve their goals.

If you are planning to list in the Spring . . . don't wait . . . do it now.  Given that your property is well-maintained and appealing with the amenities buyers are seeking, and given that you are priced near the actual market value, you should list now while the inventory is low to get the best price, most favorable terms, and least amount of market time.

Contact Us for a professional consultation on the value of your home and an analysis of the real estate market in your neighborhood.

What's Up?  Pending Sales, Closed Sales, Median and Average Sales Prices . . . the upward trend continues!

What's Down?  Days on Market . . . a good thing. 

What about available inventory?  We have only 8.4 months supply of available homes, down 24.8% from 11.2 months in November of 2011.  Low inventory levels continue to provide a challenge to the ready, willing and able buyers out there. 

Ready to sell your home?  Get geared up now to put your house on the market right after the holiday.  Take advantage of the fact that pre-approved buyers are waiting in the wings for the right property to become available.

Contact Us for a complimentary market analysis to learn the current value of your home. 

Click on the Attachment link below to view the full November 2012 Market Indicators report provided by the Youngstown-Columbiana Association of REALTORS®.

Happy Holidays

to You & Your Loved Ones

From all of us at

Lakeside Realty!