Is Your Area in a Buyer's or Seller's Market?

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Today, we're here with a market update for Brunswick, Medina, Stow, and Hudson.

Stow is still in a seller's market with 2.6 months of inventory. We can expect a shift to a neutral market as we move towards three months of inventory. The number of homes for sale is down 14.2% this month compared to last month, and down 17.1% compared to last year. However, the number of homes sold last month is up 42.3% compared to last year. So, if you're selling your home, now is a great time to put your house on market and net the most amount of money possible.

Hudson is currently in a neutral market with 5.2 months of inventory. Hudson will most likely shift into a buyer's market as inventory increases. The number of homes for sale is actually up 11.5% compared to last year, while the number of homes closed is down 10.3%, which also indicates that we are teetering on a buyer's market.

Brunswick and Medina are about the same. Both have 3.2 months of inventory, which means both are in a neutral market now. That being said, 3.2 months of inventory is close to a seller's market, making now the perfect time to sell. Just keep in mind that it may take a little longer than 90 days to sell your home.

If you're thinking of selling, there are three major things that impact the sale of your home: price, location, and condition. We hit on all three of those points. Our professional home stager and our professional photographer both make your home appeal to more buyers. Professional photographs in particular will give you an edge over the competition.

If you have any questions, give us a call or send us an email. We would be happy to help you!

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