Mount Vernon Ohio Real Estate Report For Past 6 Month by Sam Miller
By Sam Miller, Knox County Ohio Real Estate Specialist
(RE/MAX Stars Realty)
The recent history of Mount Vernon, Ohio home sales can be seen in the two charts below. The median sold price for the last 30 days was $91,250 with a DOM of 151 days. Since the recent DOM is greater than the median DOM for the last 6 months, it is a negative indicator for demand. It is always important to realize that real estate markets can fluctuate due to many factors, including shifting interest rates, the economy, or seasonal changes. Ratios are simple ways to express the difference between two values such as list price and sold price. In our case, we typically use the list-to-sale ratio to determine the percentage of the final list price that the buyer ultimately paid. It is a very common method to help buyers decide how much to offer on a property. Analysis of the absorptio...
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