Who would have ever thought the trend of dropping housing supply and increasing sales prices would continue for so long? We are a few years into this seller's market, and there are no signs of it changing any time soon.
Multiple-offers, and offers over the asking price, are fairly commonplace in the more desirable areas and price ranges. Good homes are selling very quickly, and the housing market keeps churning along in spite of lackluster new construction activity. Recent numbers indicate that low inventory levels are finally showing up in sales activity. It was bound to slow down at some point as fewer and fewer homes are available to buy.
Let's take a closer look at our local housing statistics in Mahoning County for the first 7 months of 2017 compared to the same period last year.
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. CENTURY 21 Lakeside Realty Is a member of the National Association of REALTORS® Equal Housing Opportunity.