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According to our Northern Ohio Multiple Listing Service, which does not include the for sale by owners, there are currently 546 active listings in Parma. The list prices range from 27000 to 375000. Average number of days on the market it 97. Average list price is 126867.
Between August 21 and September 21, 67 listings went into pending or received accepted written contracts. The list prices of those homes range from 39900-239800, Average number of days on the market for those homes was 68 days.
If the market is absorbing 67 properties a month, this would be an indication that we are still looking at 8 months of inventory.
A price reduction might be in your future if you are trying to negotiate a sale before the snow flies!
For more information about buying or selling a home in Parma or in any of Cleveland's Southwest Suburbs, visit our website: www.kochsrealestate.com for more comprehensive information.
Char and Jim Koch 440.289.4271
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