HOMES & REAL ESTATE
Position Yourself For Success The Parma housing market continues its upward trajectory, with median prices and sales on the rise since last year. Median home prices have surged, indicating a competitive seller's market. Since mid-2022, average list prices have risen by 13%. Sale prices also show growth, up by 7% during the same period. Interestingly, the average price per square foot for sold houses has soared by 26%, underscoring the market's dynamism. Properties are changing hands swiftly, often within days of being listed. Setting the right price is pivotal for success. Overpricing
can deter buyers who prefer to wait and watch. With interest rates normalizing, buyers are cautious about entering bidding wars for houses already priced at the peak of their value. In this landscape, a REALTOR's expertise is indispensable. Their market knowledge, negotiation skills, and access to resources aid buyers in finding suitable homes. For those seeking loans, shopping around for the best terms is advised. Sellers benefit from REALTORs who accurately price homes, enhance exposure, and provide guidance. Many receive offers above asking price even before listing, thanks to their agents' marketing and network. In a rapidly changing market, a REALTOR's guidance is invaluable for informed real estate decisions. Their support remains pivotal for navigating this dynamic environment strategically. Whether you are thinking about SELLING or BUYING, position yourself perfectly! For all of your real estate needs, contact Stacy Nickles at 440-554-1018 or visit her website, www.stacynickles.howardhanna.com for more information.
18 Parma Magazine & Community Guide | 2023-24
