6 Months of Home Sales Data Compared To Off Market Home
By Sam Miller, Knox County Ohio Real Estate Specialist
(RE/MAX Stars Realty)
A total of 127 contracts on Mount Vernon, Ohio homes have closed and SOLD in the last 6 months with a median sold price of $103,500. Breaking it down, we notice that the $50K - $100K price range contains the highest number of sold listings which makes perfect sense because the monthly payments mirror the average rental rates for the area. Alternatively, a total of 75 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. What you may find interesting is that The $50K - $100K price range has the highest number of off-market listings at 27 properties yet it also...
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