Central OhioSales maintain while inventory decreases as market corrects itself (September 24, 2008) - The inventory of homes for sale has been steadily decreasing throughout 2008 while sales maintain at pre-housing boom levels supporting the anticipated market correction. Month's supply & inventory of homes decrease as sales increase (July 24, 2008) - As inventory levels decrease and sales increase, the month's supply continues its downward trend while the central Ohio housing market corrects itself. Home sales continue to increase this spring (June 26, 2008) - The 2,064 homes sold in May marked a 15.7 percent increase over the number of sales the previous month and the number of homes added to the market continues to decrease slightly. Drop in new listings suggest market is turning around (May 23, 2008) - The number of listings added to the market in March and April were lower than last year - a sign that inventory levels might be coming down? Drop in interest rate resulted in more home contracts last month (March 20, 2008) -- The number of homes contracted for sale in February 2008 took a very positive turn, topping contracts written during the previous three months as well as the same month last year. Home sales slower during the holidays (February 28, 2008) -- The decrease in housing acitivity over the holidays resulted in fewer closings in January - especially in the upper price ranges. 2007 best year on record for home buyers (January 24, 2008) -- Interest rates, prices and inventory combined to make 2007 a memorable year for central Ohio home buyers. Central Ohio home prices on the rebound (December 20, 2007) -- The average price of a home sold in central Ohio last month was $170,808 - up 2.1 percent from a year ago... Slower listing pace supports market correction (November 27, 2007) -- The number of listings added to the market in October was down for the third month in a row, a strong indicator that the market is beginning to correct itself. Local home sales faring better than national statistics (October 18, 2007) -- There were 1,851 homes sold and 1,606 put in contract in September. The average sale price of $173,940 is likely well below the median nationwide. Inventory of homes for sale provides generous selection for buyers (September 21, 2007) -- With almost 19,800 homes listed for sale, buyers today have almost twice the selection they had just five years ago. REALTORS® are advising buyers to take advantage of the historically low interest rates. Home sales heat up in July (August 23, 2007) -- Home sales last month jumped five percent over sales in July of 2006 - good news for both sellers and buyers! June home sales (July 25, 2007) -- Although we've had some challenges so far this year as inventory has continued to increase while sales remain sluggiwh, Central Ohio housing is still considered to be a good investment according to the latest Standard & Poor's report. May home sales still making the charts (June 21, 2007) -- Although not as high as 2006 and 2005, May home sales in 2007 are still the third highest for this month on record. The decrease in the number of homes listed in combination with the less than poor decrease in sales brought the months' supply down to 7.59 - the lowest level since July of last year. The number of homes for sale continues to climb (May 24, 2007) -- Over 4,916 homes were listed for sale last month bringing the inventory of homes for sale in central Ohio up to 18,571 which is 8.5 percent higher than the number of homes for sale in April of 2006. Home prices inching up (April 18, 2007) -- After many months of negative appreciation, the average price is up 2.3headed in the right direction. Sales, on the other hand dropped 16.1 percent in March. Home sales slip in February (March 22, 2007) -- Home sales slipped almost two percent from the year before, but were still up 2.6 percent over January. We now have about 16,600 residential units for sale in central Ohio. January home sales up 12% (February 27, 2007) -- Sales are up 12.2%, homes in contract are the same and new listings added are roughly the same as last year. But the new listings are double what they were last month. Buyers controlled central Ohio market in 2006 (January 24, 2007) -- Residential home sales slowed down in 2006 but still managed to end as the third highest year on record. Columbus still a buyer's market (December 19, 2006) -- With sales weaker than last year and record inventory levels, Columbus is still a buyer's market. How about a new home for the holidays? (November 20, 2006) -- With fewer buyers in the market and a high number of motivated sellers, the holiday season can be a great time to buy a home. Home sales increasing; Inventory decreasing (September 25, 2006) -- Although 5 percent lower than last year, August home sales were much better than the month before. Inventory level is down to 21 percent over last year. Home sales drop 14% in July (August 24, 2006) -- Although home sales for the first half of the year had Central Ohio ahead of 2005, the 14.1 percent drop in sales in July put us just slightly behind. Inventory is 23.6 percent higher than 2005. Home sales: Will demand catch up to supply? (July 26, 2006) -- With 25 percent more inventory this year, the absorption rate is up to 6.5 months compared to 5.5 months in 2005. Central Ohio home sales still ahead of last year (June 21, 2006) -- Home sales this year through the end of May are almost three percent ahead of last year - a far cry from the 6.8 percent drop predicted for the nation. Inventory continues to rise while home sales fall (May 24, 2006) -- Although central Ohio now has almost 30 percent more homes listed, April home sales were down three percent over one year ago. Year to date, however, sals are still ahead by 5.5 percent. Homes for sale up 25 percent (April 21, 2006) -- Sales were up 9.5 percent in March of 2006, but the inventory of residential homes on the maket is up 25 percent over last year which means homes are taking longer to sell. Home sales blooming early (March 23, 2006) -- The mild winter temperatures are credited in part for the ten percent increase in homes sales in February of 2006. Home sales are up in the affordable price ranges. January home sales up 7.5 percent (February 23, 2006) -- Although the 7.5 percent increase in sales last month is good news, it's not enough to keep up with the significantly higher number of homes for sale (22 percent more than last year). 2005 - Fifth consecutive record year for Central Ohio home sales (January 25, 2006) -- In 2005, REALTORS® sold 27,493 residential homes, 3.1 percent more than the 26,660 homes sold in 2004. The average sale price of $177,978 in 2005 showed a 4.4 percent increase over 2004 prices. Housing market still hot despite cooler weather (December 20, 2005) -- Sales are up 1.3 percent and home price is up 4.5 percent over last year - higher than was earlier predicted. Housing inventory remains high (November 16, 2005) -- There were over 15,000 more homes on the market in October than last year. This 23 percent increase in inventory means homes are taking a little longer to sell. Higher sales, higher inventory (October 25, 2005) -- September home sales were up almost seven percent over last year, but inventory is up 24 percent! No housing price bust in Central Ohio (September 27, 2005) -- Unlike other parts of the country, a thorough analysis of the Columubs metro market reveals that there is very little danger of a price bust. End of summer home sales heat up (September 15, 2005) -- In August, home sales were up almost nine percent and homes were selling for an average of 5.7 percent more than last year.
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