Toledo Real Estate Market Update - August 2015
According to the Toledo Regional Association of Realtors, closed sales and prices in August are both up from 2014.
In August 2015, the market closed 744 sales, which continued the July trend of being up 5% increase over the same time last year. Total sales volume generated was over $97 million, which was up 6% over 2014.
The median sales price increased just 2% over 2014 to $129,131 while the average sales price was $113,836! Year to date prices continue positively trending with an average increase of 9% since January.
Inventory continues to be lower than 2014, and August saw fewer listings than this time last year.
With interest rates remaining low, this is an excellent time for real estate.
More information at: www.ToledoRealtors.com