The Weiner Real Estate Group are also Real Estate Experts in Pepper Pike. So today we are going to look at the state of the market there.  These are the numbers as of July 11 at 9:00AM.  Don't forget the market is constantly changing. 

The important numbers to pay attention to are the average market time for homes that have sold, and the percent of list price sellers are accepting.  You can see that Pepper Pike is still in a "buyer's market" based on the market time and the current 13.5 months of inventory. 

Pepper Pike State of the Market Report:

There are 94 active listings on the market in Pepper Pike.

These homes have been on the market an average of 124 days.

Homes that are now under contract are the most recent successes, these sellers have reached their goals.

There are currently 11 pending listings in Pepper Pike.

These homes have been on the market an average of 115 days.

Homes that have recently sold are historic indicators of perceived value. Appraisers will use this data when determining the loan value of your home.

There were 31 properties sold in the last 6 months in Pepper Pike.

These homes were on the market for an average of 121 days.

The average sale price of $499,734, divided by the average list price of $547,454, tells us

that sellers are accepting, on the average, 91% of the list price.

Homes that have been on the market and never sold tell us a story.

The total number of market rejected homes (expired listings) in the last 6 months is 50.

These homes have been on the market an average of 192 days.

If you take the Pending listings (11) + the total sold listings (31)  they equal 42 recent successes in the past 6 months.

42 recent successes divided by 6 months = 7  homes that sell per month.

94 active listings divided by 7 homes that sell per month = 13.5 months of inventory in Pepper Pike as of July 11, 2008.

When pricing your home, it is very important to price your home according to the market. Contact the Weiner Real Estate Group to give you a Complimentary Market Analysis today if you planning on selling your home in the near future.