From Dawn's Annual Report for Hudson, Ohio

By
Real Estate Agent with RE/MAX Haven - Northeast Ohio Real Estate Specialist

Real Estate Review of Hudson

Despite the national  trends in the housing marketing, the community of Hudson is continuing to show a strong, stable price market although it may take slightly longer to sell.

Property values in Hudson remained steady in 2007, Hudson Avg Sales Prices graphwith the average sales price for the year staying within $1,000 of 2006 after significantly increasing  for the previous 2 years. This represents a constant increase since 2000 with the exception of 2004 when the average sale price remained constant.  The average sales price for 2000 was $292,439, increasing to $296,288 in 2001 and $299,159 in 2002.  A larger increase occurred in 2003 when the average sales price jumped to $322,387.  The market then remained flat in 2004 with an average sales price of $322,074.  The market then continued to increase to $334,439 in 2005, $342,909 in 2006 and finally to $343,505 in 2007.  The quarterly data shows that average sales prices in Hudson tend to spike during the third quarter of each year with a significant dip in the fourth quarter.

The average sale price for the 2007 was $343,505.

The Hudson Avg Sales Price per Quarter graphtotal number of home sales remained constant in 2007 after a decrease in 2006. There were 319 sales closed in 2007, as compared to 310 sales closed in 2006, 387 in 2005, 362 in 2004 and 331 in 2003. The average period of time it took to close escrow increased to 128 days, from 97 days in 2006. 

These figures are not precise, as not all sales are reported to the Multiple Listing Service.

If you would like a copy of the complete report, please contact me at 330-990-4236 or email me dawn@dawnsold.com

Copyright ©2008 by Dawn Maloney, All Rights Reserved.

 

 

 Hudson Sales Graph

Hudson DOM graph

Posted by

Dawn Maloney, REALTOR®,  Luxury Home Marketing  RE/MAX Haven Realty

Direct:  (330) 990-4236         Email: dawn@dawnsold.com

Helping home buyers and sellers in Summit, Portage, Stark, Medina, Wayne, Lake, Geauga and Cuyahoga Counties since 2003.

All content ©2006-2014 by Dawn Maloney, REALTOR® unless otherwise noted.

 

 

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Rainer
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Carla Harbert
Full Time REALTOR in Ohio - Brunswick, OH
RE/MAX Omega, Brunswick Ohio

Love to hear good news in Ohio!!  - and the graphics were an excellent touch. - Carla

May 19, 2008 12:01 AM #1
Rainmaker
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Dawn Maloney
RE/MAX Haven - Northeast Ohio Real Estate Specialist - Hudson, OH
330-990-4236 Hudson Stow Cuyahoga Falls Silver Lak

Carla, It's nice to have a true picture that's good! Thanks for the comment!

May 19, 2008 12:06 AM #2
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Rainmaker
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Dawn Maloney

330-990-4236 Hudson Stow Cuyahoga Falls Silver Lak
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