Days on Market for Real Estate in Greater Cincinnati
August 23rd, 2008 categories: Cincinnati, Ohio, Real Estate News, West Chester, Ohio
I was all set to do a detailed analysis of days on market in the MLS (Multiple Listing Service)versus real days on market- only to be pleasantly surprised.
For those who don’t know, days on market is only tallied for the current listing period….so if I list my home for 180 days and relist it again for another 89 days before it sells- the MLS total is 89 days not the actual 269 days.
So I did some random checking in the Fairfield, West Chester, Fairfield Twp and Beckett Ridge areas and, while there are some relists- the number of “repeats” has dropped.
Bottom line- if you are selling and you haven’t received an offer and have minimal traffic looking at your single family home- you need to adjust the price.
|
Location |
Average List Price |
Days on Market |
| Beckett Ridge |
$306,593 |
76 |
| Fairfield |
$195,748 |
101 |
| Fairfield Twp |
$319,695 |
100 |
| Hyde Park |
$573,624 |
105 |
| Liberty Twp |
$309,598 |
120 |
| Mason |
$436,239 |
103 |
| Norwood |
$113,110 |
104 |
| Oakley |
$193,738 |
83 |
| West Chester |
$320,593 |
101 |
| Wyoming |
$342,621 |
112 |
Data on Single Family Active Listings from Greater Cincinnati Multiple Listing Service
If you need details about your specific subdivision or neighborhood- call or email.
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