Discover the allure of Powell, Ohio, where the real estate market seamlessly blends excellence and growth. In this blog post, we’ll delve into the key housing statistics and market trends that make Powell a captivating destination for home buyers and sellers alike.
**1. Dynamic Inventory Balance:**
Powell boasts a dynamic real estate market with 1.29 months of inventory, striking a balance that provides both variety for buyers and competitiveness for sellers. This equilibrium ensures a fluid and engaging marketplace.
**2. Pricing Precision and Consistency:**
Experience pricing precision and consistency in Powell, with a noteworthy 100.6% list-to-sale price ratio. This indicates a market where properties are valued accurately, resulting in optimal returns for sellers.
**3. Swift Transactions:**
The efficiency of Powell’s real estate market is underscored by an average of just 22 days on the market. This quick turnover reflects the city’s desirability and the efficiency with which transactions unfold.
**4. November’s New Offerings:**
November brought a wealth of opportunities with 29 new listings entering the Powell market. The median new listing price of $587,165 showcases the city’s commitment to maintaining a diverse range of high-quality homes.
**5. Active Listings Snapshot:**
With 48 active listings in November, Powell offers a plethora of choices for prospective buyers. The median active listing price is $564,501, reflecting the city’s dedication to providing accessible yet refined housing options.
**6. Market Momentum:**
Powell experienced a robust November, with 29 properties successfully changing hands. The median sold price stands at $570,030, while the estimated property value reaches $593,030—a 1.3% increase from the previous month and a commendable 5.2% growth from the same period last year.
Powell, Ohio, stands as a testament to a real estate market that excels in precision, efficiency, and growth. Whether you’re seeking a swift transaction, diverse housing options, or an investment with potential appreciation, Powell invites you to experience a dynamic and prosperous real estate landscape.