Here’s what you need to know about the latest housing market stats.
The question I get more often than any other is, “What’s going on in the housing market?” Recently, a huge statistical survey was released that went over all the important information we need to know for Q1. That’s why today, I’m sharing 10 key points from this survey and explaining what they mean for you. While I encourage you to draw your own conclusions, I’ll also share what I think this means for the future of our market.
You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:30 — The hottest local market
0:47 — The market with the biggest price drops
1:09 — High inventory pressure
1:30 — Low inventory pressure market
2:07 — Lowest percentage of homes for sale per zip code
2:34 — Highest median income
2:49 — Highest homeownership rates
2:59 — Lowest homeownership rates
3:29 — Highest property tax rates
3:42 — Highest median prices
4:23 — Best markets to invest in Northwest Ohio
5:01 — Wrapping things up
If you have questions about this topic or anything else, please call or email us. We look forward to hearing from you!
