Chillicothe, OH

There is no doubt that the Chillicothe, OH metropolitan statistical area (MSA) has seen some ups and downs in the housing market over the past few years. However, there are a number of positive trends that suggest that the market is on the rebound.

One of the most encouraging trends is the increasing number of homes being sold. In 2016, there were 1,076 homes sold in Chillicothe, which was up 9.4% from 2015. This trend continued into 2017 with 1,183 homes sold, an increase of 10.3%. This is a clear sign that buyers are feeling confident about the market and are willing to make investments.

Another positive trend is the average sale price of homes in Chillicothe. In 2016, the average sale price was $144,846, which was up 4.5% from 2015. This trend continued into 2017 with an average sale price of $151,209, an increase of 4.5%. This shows that prices are slowly but surely rising, which is good news for both buyers and sellers alike.

Finally, another encouraging trend is the decrease in days on market (DOM). In 2016, homes spent an average of 97 days on the market before being sold. In 2017, this number decreased to just 92 days – a 5% decrease. This means that homes are selling faster than they were just a year ago and suggests that demand is high and inventory levels are low