Pointer Appraisal Northeast Ohio Property Economics & Appraisal Blog

The charts below reflect single family residential sales data that has been assembled by Pointer Appraisal Services Analysts utilizing data from Northern Ohio's Multiple Listing System from years (1997-2007).   

There were over 256,000 sales occurring throughout the time period.  We have utilized the average the sales prices for each month and as well as computed the average sales prices over an 11 year period.  The charts below will generally illustrate fluctuations of prices and volume over different time periods.  

It is important to note that the closing dates utilized in these charts are the dates listed as the closed date on the MLS.  Many of which are negotiated and contracted weeks in advance then closed after the loan approval, title, and other closing items are completed.

As we can see by the chart below, home sales prices are typically higher during the summer months and then fall sharply after the month of August.  January and February have the lowest sales prices out of the year. 

Average sales prices per month from last year match closely with the average trend taken from the 11 year period.

Average Sales prices per year:

Number of Units Sold Per year:

As show on the charts above, the fluctuation have been generally correlated in the recent years.  However the late 1990's did not correlate with an upward pattern of volume with the rise in average sales prices.

Donald Seward Jr. contributed to this blog through data compilation and chart assembly.