MAUMEE — As the market heads into late spring, low mortgage rates continue to fuel robust buyer demand. Supply remains near historic lows locally while national inventory remains much lower than it was at the same time last year. As a result, sales prices are surging.
While the warmer temperatures, rising sales prices, and the reopening of the economy may draw more sellers to the market, record low levels of homes for sale are likely to continue for some time in most market segments.
The overall Median Sales Price was up 11.5% to $153,821. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 11.3% to $150,225. The price range that tended to sell the quickest was the $150,001 to $200,000 range at 65…
