Pricing your home to sell in Liberty Twp and West Chester Ohio Absorption Rates
What price should you list your home for? This is a question that faces many homeowners when they are thinking about selling their home. One of many tools to use to help with pricing your home to sell is to look at the Absorption Rates and the number of homes on the market.
The chart above shows Absorption Rates and the number of Active properties for price points between $190,000 to $260,000 in West Chester Ohio and Liberty Twp. Ohio in increments of $10,000. The reason to combine them is because most, not all, buyers search by the school district, Lakota School District. Both of these areas are served by Lakota School District. The first column tells us that there are 26 homes currently active priced between $190,000-$200,000 in Liberty Twp. Ohio and West Chester Ohio combined and that the Absorption Rate is 7.80.
These statistics are constantly evolving. We see that the Absorption Rate for $210,000-$220,000 is currently at 4.67, this is very low. Six months from now this price point could be at the 10.71 absorption rate we see at $230,000-$240,000. Knowing the CURRENT Absorption Rates in your area and around your price range is critical in pricing your home to sell.
I create a table and chart with up-to-date information for every home I place on the market to help my sellers use ALL the information at hand so they can better prepare themselves for a successful sale. This is one of many tools needed when making the important decision in pricing your home to sell in this market. If you would like help in pricing your home to sell in Liberty Twp. and West Chester Ohio, simply call Scott Baker Realtor at 513-403-5323. Visit www.ScottBakerHomes.com
Scott Baker, ABR e-Pro REALTOR®
Realtor serving Cincinnati, West Chester, Mason Ohio, Liberty Twp. Ohio and the surrounding areas in Butler County and Warren County. To Buy or Sell a home, call Scott at 513-403-5323.
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Coldwell Banker West Shell
513-403-5323
Homes For Sale West Chester Ohio, Homes for Sale Mason Ohio, Homes for Sale Liberty Twp. Ohio
Scott, great job explaining the importance of absorption rates...not something the typical seller considers and another reason to enlist a professional such as yourself.
Thank you Nick. Is the oil anywhere near you?
You amaze me Scott! Great job!
Brenda