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What’s the Real Story – Final Facts

final look at 1Q market report

I have been reviewing the stats of our real estate market and comparing the first quarter sales of 2011 vs. 2012 and in conclusion here are a few high points:

  • Sales: 1Q 2012 +21.3% higher than 1Q 2011, +9.9% compared to 2010
  • Monthly sales increased in each month this year compared to same period last year
  • Distressed sales were 31.6% of 1Q 2012 sales in the under $100,000 price range
  • Cash purchases represented 39.1% of all sales in 1Q 2012
  • Overall months of Active listings supply still very much in a Buyer’s Market condition – 10 months
  • Supply of non-distressed properties were also above the 7 month “Buyers Market” threshold

Here are the summary facts and observations for Single Family Detached Homes in Cuyahoga, Geauga, Lake, Lorain, Medina, and Summit Counties.  

Looking for specific market stats for your community?  Contact me <link> for details.  

 

Leading The Way Home,

Carol Murphy

Carol Murphy Team

KW Great Cleveland West

Avon Lake Real Estate

 

What’s the Real Story part 1

What’s the Real Story part 2

What’s the Real Story - Foreclosures & Distressed Sales

What’s the Real Story – Cash Sales

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