North Olmsted, OH Real Estate Sales 2010 vs 2009

North Olmsted, OH Real Estate Sales 2010 vs 2009

Well, 2010 sure did fly by! Meaning it's time for some some interesting statistics on North Olmsted, OH Real Estate sales! Yes, you read right...I did say "interesting". Don't worry, I'll keep it short and sweet...no charts or graphs. Just a few highlights:

• The average sales price for a property in North Olmsted, OH continues to hover near $120,000
• 2010 saw 35 LESS sales than 2009
• The largest drop in sales (23 in '09 to 7 in '10) came in the $90k-$100k price range (less foreclosures, maybe?!)
• The $120k-$140k range stayed just about even...61 sales in 2009 vs 60 sales in 2010
• Average number of days it took to sell a home went from 96 in '09 to 106 in '10...pretty consistant
• The $140k-$160k price range saw an increase of 10 sales...I think that's very encouraging!
• The $100k-$120k price range saw a decrease of 10 sales...once again, foreclosure related?!

What does it all mean? I'd say it looks like the market is stabalizing a bit; however, we still have another year or so before we're out of the woods. How's that for non-committal? Sorry...I wish I had my given my crystal ball a tune-up along with my furnace (the HVAC-guy is in my basement as I type). Personally, 2010 was a pretty good year. Much better than 2009. And I'm hoping 2011 continues the trend...for all of us!

Happy New Year everyone, and remember...

The Golden Rule...it's that simple!