Knox County Ohio Residential Home Sales and Listing Activity for August 2008
Despite all the negative media surrounding the housing industry these days our Knox County Ohio real estate market activity is stastically beating many other Ohio markets. During the month of August the Knox County real estate market had 25 successful home sales close through the local Board of Realtors. The average home sales price for August was $135,112 with the lowest home selling for just $39,900 and the highest Apple Valley Lakefront home selling for $372,000. The total dollar volume for residential home sales for the month of August was $3,377,800.
Currently there are 387 homes that are actively for sale and listed in the Knox County Board of Realtors. Based on the 25 sales in August there is roughly 15 months of active inventory on the market. What this means is that based on the current absorbtion rate of 25 per month it would take 15 months to deplete our current inventory. Fifteen months of active residential inventory is certainly higher than in years past but consider that there are an increased number of bank owned foreclosed homes on the market today which is more more than in years past.
Residential homes in Knox County Ohio continue to sell and there is increased buyer activity in the market today. We track the number of incoming phone calls, internet website viewings, we track the number of visitors who view our virtual tours and online videos and most importantly we track the number of showings on our listing each week. ALL of these numbers are increasing which means the market activity is heating up and there is continued interest in the Knox County Ohio housing market.
Sam Miller