As of March 12, there were 38 homes listed for sale in the Genoa area for $38,135,900 which equates to an average listing price of $1,003,576.  The median listing price is $839,450.  A very quick calculation of the “months on hand” inventory can be determined by dividing the current inventory, 38, by the average number of sales per month for the last 12 months, 1.33.  Using this method there is 28.5 months of inventory available. 

Of course this is just a snap shot and certainly does not mean that if you list your home today it will sell in 28 months.  Each sale is based on a variety of factors including location, condition, amenities, etc., and of course price.  It does however suggest and support the theory that this continues to be a buyers market.