Did you know that the market for Stow Real Estate is well below the national average for vacant properties? In fact it is 8.62% below the average. Here in Stow 64.55% of properties are owned, 29.17 are rented and only 6.28 are vacant. Stow also has a very low percentage of Distressed Sales (short sales, foreclosures) with only 2.7% of the homes listed.Want a more comprehensive look at the market or another market click here for free info - Summit Real Estate Group.
So what does this mean? It means that are local housing market is very stable. Values of homes are bouncing back and rising in many price points. National and local averages that are posted can be misleading unless you look carefully at the numbers. When averages are quoted it includes all sales, for all reasons and in all price points. At further glance, when prices have decreased it is not always because all housing values have dropped (although it can be), in some cases it is because the types of homes sold and price points sold can influence the overall prices. For instances if there were a lot of homes sold in the 100k - 125k and a lot less of the 300k homes, that would infuence the overall total for that month. Want to know about other areas? Contact us at The Summit Real Estate Group of visit us on Facebook!