As of February 14th (Happy Valentines Day) there are 39 single family homes listed for sale in the Genoa area.  The listing prices range from the lowest at $349,000 to the highest at $2,595,000.  The average and median prices are $1,000,676 and $799,900 respectively.  Based on the number of sales in 2007, which was 15, there is currently 31 months of inventory available.  Please keep in mind that this is an estimate for the entire market and spans all “price bands”.  Each price band, i.e., homes listed at similar prices, will have different “months on hand.” 

So does this mean that if you list a home today you should expect it to be on the market for

for the entire 31 months?  Of course not.  This number is just a snap shot of the market and assumes that all homes are equal in location, condition, and pricing and that there will be no increase in the inventory.