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Barberton Real Estate Market Update
We have all seen the For Sale, Pending and then Sold signs go up around Town. Do you ever wonder how Barberton’s Real Estate market is doing, how many homes were sold and bought in 2019, or what the average home price was? You’re in the right place!
Barberton successfully had 333 homes sell in 2019, with an average price of $97,376. That’s up from the 316 homes sold in 2018 with an average price of $92,290. The average day’s homes sat on Barberton’s market was 70. This is calculated by the first day a home hits the market until it’s recorded with the county as sold. Barberton’s busiest month for home sales was June, with 40 homes sold.
The market is forecasted for home values to increase slightly for 2020, but not the rapid growth we’ve seen in previous years. What does this mean? Sellers are still able to make a nice profit on the successful sale of their home. This could potentially mean sellers are still receiving multiple offers within a couple of days on the market, if not a couple of hours! What does this mean for buyers? Buyer’s dollars are not going as far as they have in the past. My advice for buyers is to consult with a lender to see how much buying power you have and what you are comfortable spending each month on a mortgage!
The Real Estate Market has started early this year with lots of buyers out now. If you are thinking about waiting until the “spring market” it is here and has sprung! January 2019 Barberton had 16 homes successfully closed, following February had 24 homes close, and in March 26 homes closed. Don’t wait for the spring market, it’s happening now, Happy selling and buying!!