Ravena Real Estate Market Continues Growth in Home Sales

Over the last 30 days, a budding upward sales trend continued in the Ravena market, extended as sales rose to three this week. As the strong sales numbers suggest, months of inventory is on a four-week downward trend, this week hitting seven months. Ravena is still a strong buyer's market, in spite of the rising sales numbers, thanks to the availability of such a large amount of remaining inventory.

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Demographic facts for Ravena:

  • The median value of all homes is $135,500.
  • Average number of rainy days is 123 per year. (U.S. average: 100)
  • This area has an unemployment rate of 6.6%.
  • For every teacher there are 12.8 students in this area. (15.3 = national average)

Data reported through 10/19/2016

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