How to Understand Real Estate Stats for the Lakota School District

April 22nd, 2008 categories: Liberty Township, Ohio, Real Estate News, West Chester, Ohio

Lakota School District	Single Family	Average Price	Days on Market	Condos	Average Price	Days on Market
Actives	800	$320,969	110	107	$123,256	99
Pendings	152	$248,107	78	12	$ 98,494	99
Closed (01/01/08-04/15/08)	256	$247,340	85	34	$ 94,199	79

Data from Greater Cincinnati Multiple Listing Service

At first glance the numbers for home sales in the Lakota School District seem to be easy to understand. However if you are a seller or a buyer, you need to have in-depth understanding of the “numbers” behind the numbers.

For example Days on Market (DOM) is only accurate for the current listing contract. So if the seller has re-listed the property several times, the DOM number does not accumulate over time. The Greater Cincinnati Multiple Listing Service only reflects Days on Market for the current listing contract. Your Realtor can provide you with a history on the property which includes accurate Days on Market as well as Original List Price as well as current List Price.

Of the 800 Active Single Family Listings, 545 of the properties are 4 bedrooms with an average list price of $331,285. There are 107 condos listed and 78 of them are 2 bedrooms with an average list price of $115,994.

Thinking about putting your 3 bedroom house on the market? You will be competing with 183 other listings. The average list price is $252,367 and the average Days on Market is 124.

Whether you are thinking about putting your home up for sale, a buyer looking to purchase a home or condo or a seller with a property on the market- you need to understand the real estate numbers!

How do you interpret the numbers? Call or email if you need the details on your property.

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