Canton Real Estate

In the Ohio city of Canton, a survey conducted of the strength and performance of the real estate market of that area through the 2010 period found markers of both problems, related to the overall trend downward for home sales and real estate transactions in general, as well as some indicators of health or at least lessened adverse impact. In comparison to other areas of the state, the Canton real estate market might thus be considered comparatively healthy.

One finding reported of the Canton real estate market in 2010 which was viewed as a sign for worry by realtors and other individuals with a financial or professional commitment to the local real estate sector was the dip in the number of residential property sales made that year in comparison to the same number for the previous 2009 period in Canton real estate.

According to this figure, the Canton real estate experienced a 31.2% decline in its ability to move homes, a number widely received as a sign of ongoing problems and as an indicator of the sector’s responsiveness to generally based real estate problems. That being said, the Canton real estate survey also indicated that, in contrast to real estate markets elsewhere in the state of Ohio, the number of foreclosure proceedings which had been gone through during that year, at a figure of 973 such events, had been outstripped by the number of home sales successfully concluded and recent in terms of when the information had been compiled.