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November Market Update: Pending Contracts Drop but Prices Continue to Rise

November Market Update: Pending Contracts Drop but Prices Continue to Rise

by Susanne Novak | Dec 24, 2018 | Market Updates

The November 2018 Housing Report came out just in time for the Holidays. Let me give you a short summary before you welcome Santa Claus and celebrate Christmas. ​New Listings Rise while Pending Contracts Plummet Listing activity has picked up in November. There were...
October Market Update: More Price Reductions as Closings Decline

October Market Update: More Price Reductions as Closings Decline

by Susanne Novak | Nov 26, 2018 | Market Updates

I hope you had an enjoyable Thanksgiving Holiday, got all your Black Friday Shopping done, and celebrated yet another Buckeye victory over the team up north. We spent a couple of days in Chicago and enjoyed Thanksgiving dinner with our sons. Visiting the Christkindl...
September Market Update: Inventory Increases 1st Time in 7 Years

September Market Update: Inventory Increases 1st Time in 7 Years

by Susanne Novak | Oct 22, 2018 | Market Updates

September home sales are in. The slowdown of the market, which I predicted over the summer months, is now confirmed by real numbers. Inventory Rises Just a Little The biggest news is a slight increase of the listing inventory by 2.6% (as compared to September 2017)....
August 2018 Market Update: The Summer Slump is Over

August 2018 Market Update: The Summer Slump is Over

by Susanne Novak | Sep 24, 2018 | Market Updates

It appears that the summer slump is over, and the market is buzzing again. The average sales price has increased by 6.6% year over year. It stands at $231,353. Change is in the air though. There are more new listings on the market and the number of pending contracts...
July 2018 Market Update: The Summer Slowdown is Probably Over

July 2018 Market Update: The Summer Slowdown is Probably Over

by Susanne Novak | Aug 27, 2018 | Market Updates

July was another excellent month for home sales and property values. It appears that last month’s slowdown was seasonal, and the market is heating up again. This month’s report will elaborate on the current status of the housing market. Although home sales...
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