First Time Homebuyers....what you need to know

Are prices rising?
Yes, prices are on the rise. The median sold price increased by 34% month-over-month to $359,800, while the median list price for new pending listings is $349,000.

Is there a lot of inventory?
Currently, there is a limited supply of homes. The months supply of inventory is at 3.03, with a 24% decrease in inventory over the past month and an 11% decrease over the past year.

How long are homes staying on the market?
Homes are selling more quickly than before. The median days in RPR for sold listings decreased by 41% month-over-month, now standing at 27 days.

What's happening with new listings?
New listings are entering the market, albeit at higher prices. There are 15 new listings with a median list price of $310,000, reflecting the current market conditions.

Port Clinton offers attractions like the scenic Lake Erie shoreline and the historic downtown area, which are great for weekend activities and community events. If you're a first-time homebuyer considering Port Clinton, this might be a promising time to explore opportunities before prices climb further.