Metropolitan Statistical Area (MSA):

Norwalk, OH

Norwalk, OH is a Metropolitan Statistical Area (MSA) comprising counties including .

Norwalk, OH Real Estate Trends: The Housing Market

There are many factors influencing real estate trends in the Norwalk, OH metropolitan statistical area (MSA). The economy, job market, interest rates, and demographics all play a role in housing market trends.

The economy has been slowly improving since the Great Recession of 2008. This has led to more people having the financial ability to buy a home. The job market has also been slowly improving, which gives people the stability they need to make such a large purchase. Interest rates are still at historically low levels, making it an affordable time to buy a home.

All of these factors have contributed to an increase in home sales in the Norwalk MSA. The median sales price of a home in Norwalk is $127,000, which is up 6% from last year. The number of homes sold is also up 7% from last year. These trends are expected to continue as the economy continues to improve.

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