We got the Strongest Sales in 3 years, up 1.4% (nationally speaking). Even though sales are still about 19% lower than 2017-2019, at about 4.35 Mio (Normal years). We are slowly getting back to a normal market.

Here is the short news:

So How is the market? The market is stable.
Moving back to a normal -pre-covid market (4.25Mio sales last year)
Months of Inventory are pretty similar to all recent years.
And Buyers are having more buying power by Interest rates dropping by 0.7-0.8%. Into the upper 5% -low 6% interest.

As a Realtor, it’s always interesting to see how our Community compares to the rest of the Country.

To break down these pictures.

The national Average Sales price is around $405,000. Coshocton comes in around half that price at $205,000. In Coshocton, the Average sales price is up 2.9% compared to last year, while the National market is flat right now, with a 0.4% increase.
to about 3.3 (10% higher than the national average and about 2.4 (+14.3%) in Coshocton)
The Average Days on the market changed to 39 days (up by 11%) and compared to 59 ( up 9.2%) in Coshocton County. The Inventory is up to about 3.3 (10% higher than the national average and about 2.4 (+14.3%) in Coshocton).

So altogether we have a higher inventory, which is more
How does this all tie together? Interest rates are down 0.7-0.8% lower than last year. This means there is more purchasing power for buyers, which is increasing the number of loan applications and sales.

For the Sellers out here, there is about 10% more Inventory therefore more competition, which explains the increase in Days on market. But the inventory is still well below pre-COVID levels.

Hope this helps
This is Matthias Sterzer aka The German Realtor with Kaufman Realty, New Kaufman Realty & Auctions, New Phila