Follow up to local market post

Keep in mind that markets can vary tremendously, even just in the Columbus market. Be sure you're getting the best advice possible, and specifically on your area alone. Following national and local statistics will give you a general idea, but the difference between what's going on in your particular neighborhood and generally across the U.S. will be huge! Just something to keep in mind when you see that the housing market slump has hit rock bottom. That's just not the case for most of us in Central Ohio. In fact, most of us are seeing a positive upswing already!

Local homes sales faring better than national stats

(October 18, 2007) Although home sales are down nationally, central Ohio home sales are not showing such dramatic decreases and are still above figures before the housing boom. Home sales in August were down 12.8 percent nationwide, but only off by 7.4 percent locally. Pending sales at the end of August were down 21.5 percent nationally, but only down 5.7 percent in central Ohio according to the Columbus Board of REALTORS®.
“We keep saying that sales are pretty good and they are,” says Brad Bennett, President of the Columbus Board of REALTORS®. “Thus far, this year’s home sales are trailing last year by about 5.5 percent but still well above where we were before the housing boom. We expected the market to take a breather while correcting itself, and we’re seeing that happen this year.”
The average price of a home sold, January through September, in central Ohio is $173,940. This is down 1.2 percent from the average home sale price last year. And, although homes sold in September only took about 4 extra days to sell, year to date days on market is averaging about 107 days versus the 95 it took to sell a home last year. “We’re seeing record numbers of homes put on the market for sale in the area which lends itself to a reduced sale price and longer selling period,” continues Bennett. “The flip side is, of course, that buyers should be really excited about the selection they have to choose from. And with interest rates and prices so competitive, this really is a great time to buy a home!"

Courtesy of Columbus Board of Realtors



1300 Eagleview Dr., 43228
3 beds
1 1/2 baths
2 car garage
Built in 1992
Southwestern City Schools
Most everything in this house is new!!
White doors/trim
Freshly painted neutral
Black/stainless kitchen appliances
Brushed nickel fixtures throughout
Private backyard backs to Big Run Park
realtor4columbus@yahoo.com to schedule your private showing!
Presented by Larry Coolidge Realtors