Tuesday, January 22, 2013

EXCITING REAL ESTATE MARKET NEWS!


2012 home sales, prices flourish - best year since '07

Central Ohio saw 22,915 single-family and condominium home sales in 2012, up 15.5 percent from the previous
year, according to the Columbus Board of REATORS®. This marks the highest number of residential home sales
since 2007 – the end of the housing boom.

“2012 exceeded our expectations,” said Chris Pedon, President of the Columbus Board of REALTORS®. “Sellers
opened their doors, buyers brought their confidence, lenders gave their best rates and REALTORS® worked eight
days a week.”

The average sale price of a home sold in central Ohio in 2012 was $167,459, which is 7.2 percent higher than in
2011. The average sale price for the month of December was $158,898 – a 7.5 percent increase over the same time
last year.

 
Source:  Columbus Board of REALTORS,
January 22, 2013