I have been reviewing the stats of our real estate market and comparing the first quarter sales of 2011 vs. 2012 and in conclusion here are a few high points:

• Sales: 1Q 2012 +21.3% higher than 1Q 2011, +9.9% compared to 2010
• Monthly sales increased in each month this year compared to same period last year
• Distressed sales were 31.6% of 1Q 2012 sales in the under $100,000 price range
• Cash purchases represented 39.1% of all sales in 1Q 2012
• Overall months of Active listings supply still very much in a Buyer’s Market condition – 10 months
• Supply of non-distressed properties were also above the 7 month “Buyers Market” threshold

Here are the summary facts and observations for Single Family Detached Homes in Cuyahoga, Geauga, Lake, Lorain, Medina, and Summit Counties.  

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Leading The Way Home,

Carol Murphy

Carol Murphy Team

KW Great Cleveland West

Avon Lake Real Estate

What’s the Real Story part 1

What’s the Real Story part 2

What’s the Real Story - Foreclosures & Distressed Sales

What’s the Real Story – Cash Sales