Apple Valley Lake Weekly Pending Homes Report
By Sam Miller, Knox County Ohio Real Estate Specialist
(RE/MAX Stars Realty)
Let's take a closer look at the Apple Valley Lake real estate market. Currently there are 9 home sales pending in the Apple Valley Lake market overall, leaving 52 listings still for sale. The resulting pending ratio is 14.8% (9 divided by 61). So you might be asking yourself, that's great... but what exactly does it mean? I'm glad you asked! The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply. Taking a closer look, we notice that the $100K - $150K price range has a relatively large number of contracts pending sale. This is the time of year when the lake view homes and the water...
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