Toledo Real Estate Market Update- July 2015

Summer continues the trend of positive market growth for 2015. 

According to the Toledo Regional Association of Realtors, closed sales and prices are both up from 2014. 

In July 2015, the market closed 574 sales, a 5% increase over July 2014.  Total sales volume generated was $88 million, which was up 19% over 2014.

The median sales price increased 13% over 2014 to $124,000 while the average sales price was $153,568!  Year to date prices continue to trend upward with an average increase of 12% since January.

Inventory continues to be lower than 2014, but July did see more listings added than in June of this year.

This is a great time to be a seller, and competition amongst buyers has been fierce.

July 2015 Update

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