Homes for
sale increasing for central Ohio
(October
21, 2014 – Columbus, OH) - There were 3,035 central Ohio homes and condos
listed for sale in September 2014, which is a 6.8 percent jump from September 2013. The
additional inventory brought the total number of homes and condos for sale to
9,408, which just trails August 2013 by 2.6 percent, according to Columbus REALTORS®
Multiple Listing Service (MLS).
"Traditionally activity starts to slow when kids are back in school
and temperatures begin to dip. But last month, we saw more homes listed for sale
than we’ve seen in September for the last several years,” Columbus REALTORS®
2014 President Milt Lustnauer said.
“Sellers are getting the message that it’s a terrific time to put
their home on the market and sell. This is great news as we still have qualified
buyers looking for homes.”
The average sales price of a home in September was $179,306, an
increase of 2.5 percent from September 2013, marking the seventh month in a row for
record high prices. The average price is the total volume divided by the number
of homes sold.
Year to date (January
through September
2014), the average sale price of a home in central Ohio is $183,944 – up
5.2 percent from the first nine months of
2013.
There were 2,349
central Ohio homes and condos sold in September 2014, an increase of 1.3 percent from September 2013. However
at 20,432, year to date home sales are still trailing 2013 by 4.4
percent.
“Home sales are down
because inventory has been down this year,” added Lustnauer. “But with the
increase in inventory last month, we’ll likely see a similar increase in
sales.”
“This also continues
to be a great time to buy a home as there’s more inventory to choose from and
interest rates remain at near their lowest this
year.”
According to the
latest Housing Market Confidence Index (by the Ohio Association of REALTORS®) 89
percent of central Ohio REALTORS® describe the current housing market as
moderate to strong and 87 percent expect housing prices to rise over the next
year.
Fifty-three percent of central Ohio REALTORS® indicated that the
level of interest potential buyers have shown in purchasing their first home has
increased. Fifty-nine percent report an increase in multiple
offers.
Current housing report
- September 2014
All housing
reports
Columbus REALTORS® is comprised of over
6,200 real estate professionals engaged in residential sales and leasing,
commercial sales and leasing, property management, appraisal, consultation, real
estate syndication, land development and more.
The Columbus
REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware,
Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of
Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion,
Muskingum, Perry and Ross Counties.
To view commercial properties for sale or
lease in central Ohio, visit www.COCIE.org.
Source: Columbus REALTORS,
10/21/2014 |
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