1st Half 2008 Home Sales For West Chester & Liberty Township, Ohio
Jan-June 2007 | Jan-June 2008 | + / – | |
Closed Units | 692 | 607 | -12.28% |
Average Sale Price | $244,219 | $229,711 | -5.94% |
Average Days On Market | 82 | 84 | +2.44% |
Average List to Sale Price % | 96.54% | 95.79% | -.75% |
Sales were down for the 1st half of 2008 when compared to the 1st half of last year. This should come as no surprise to anyone. Everywhere you look and/or read the message is the same for the most part. (Some of the reports make things out to be worse than others). Unit sales (closings) were down 12.28% in West Chester and Liberty Township.
Does this mean that you won’t be able to sell your home if you need to? It most certainly does not. I am successfully selling homes each and every month of this year and some of them pretty quickly. What all of this does mean is: (1.) you must prepare your home for the market (2.) you must price it properly and (3.) you need a strong marketing effort.
Average sale prices were down 5.94% for the 1st half of 2008 when compared to the same period in 2007. There is no way to paint this statistic in a good light. This is a large decrease in the average sale price for West Chester and Liberty Township homes. Again, this emphasizes the need to price your home correctly in today’s market. Thinking of selling? Click here to learn the current market value of your West Chester and Liberty Township. Ohio home.
Interest rates continue to be very volatile. In the last week I have seen rates move lower to 6.20% for a 30 year fixed rate mortgage from a recent high of 6.55%. The rates are changing daily. If you need a referral to a good lender with competitive rates and closing costs please let me know. Mortgage rate locks can become crucial right now. Read this article in my August online newsletter.
Your questions and comments are always welcome!
