Ottawa, OH home prices and housing market

In Ottawa this June, the defining feature is how little there is to buy. There are only about fourteen homes for sale right now, and just six new listings came on over the month. When supply is that thin, the few sellers who list hold real leverage. That pressure shows up in prices. The typical home value here is about two hundred eighty-nine thousand dollars, up around seven and a half percent over the past year. Sellers are asking a bit more too, with a median list price near two hundred ninety-seven thousand dollars. Only about eight percent of listings have cut their price, which tells you owners are not feeling forced to negotiate. The one caution is time. The median home is taking about eighty-nine days to sell, so even in a tight market, a fair price still matters. If you own here, this is a favorable moment to sell, but come in priced right and be patient. Buyers are few, and so are the homes they can choose from.