Fairfield Ohio Real Estate Trends
August 26th, 2008 categories: Fairfield, Ohio, Real Estate News
This morning’s newspaper is reporting on the slowing real estate market.
Buyers and sellers need to look at areas or neighborhoods in order to assess how to accurately price the real estate.
Fairfield Ohio real estate sales have been affected by the “slump” however the number closings is only down by 2 from August 2007 (8/1-8/24) 2007 to August 2008. 16 closings versus 14 closings. The average closing price was $163,663 in August of 2007 vs. $162,697 in August 2008.
Ten years of information aboutFairfield single family home sales:
As you can see the “average” sales price is dropping, however with the new Federal Housing Tax Credit incentive and the increase in FHA (Federal Housing Authority) mortgage limits- more buyers are circling our area looking to purchase.
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