Here is the September Market report for Solon, OH.
Solon is the 14th largest Combined Statistical Area in the United States. And the city was listed by Money as 42nd in its list of "Best Places to Live." Known for great schools and a great community center Solon's market times are among the lowest of all our market reports. Please see below for details.
There are currently 190 active listings on the market in Solon. The average list price is $385,531.
These homes have been on the market an average of 122 days.
Homes that are now under contract are the most recent successes, these sellers have reached their goals.
There are currently 23 pending listings in Solon.
These homes have been on the market an average of 96 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 16 properties sold since July 31, 2008 in Solon.
These homes were on the market for an average of 115 days.
The average sale price of $281,528 divided by the average list price of $295,109, tells us
that sellers are accepting, on the average, 96% 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) since July 31, 2008 is 42.
These homes have been on the market an average of 181 days.
If you take the Pending listings (23) + the total number of sold (16) = (39)recent successes
39 recent successes divided by 2 months = 19.5 homes that sell per month.
190 active listings divided by 19.5 homes that sell per month = 10 months of inventory in Solon.
Compare these stats to the Solon Market Report-July and you decide if the market is getting better or worse.
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For more information on the Solon housing market or if you are looking to buy or sell a home in the Greater Cleveland area please contact Erin Snyder Oakley at 216-410-8221 or email Erin@NoPlaceLikeCleveland.com.
