Medina Real Estate Market Continues Weakening in Home Sales

Despite a 25.0% improvement in sales numbers this week to reach five homes sold over the last 30 days, the Medina market still shows a persistent trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Prices are falling in Medina, and this period the median price of all sales fell from $2,597,500 to $1,555,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Medina is a seller's market.

Looking to move to Medina, but at an economical price? You may want to start with these low-cost listings:

$2.3M   $2.8M   $3M  

Get started right now by checking out Medina homes for sale or reviewing Medina real estate trends.

Demographic facts about Medina:

  • There are 8.7% vacant homes.
  • Average number of sunny days is 152 per year. (U.S. average: 205)
  • The student per librarian ratio in this area is 479:1. (803:1 = national average)

Data reported through 10/12/2016


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Best Choice Realty LLC
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