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Wednesday, August 22, 2018
CENTRAL OHIO REAL ESTATE MARKET NEWS....
Wednesday, June 6, 2018
197 Purple Finch Loop Etna, OH 43062
Bedrooms: 3
Bathrooms: 3
Square feet: 2,592
Price: $244,900
For more information about this property, please contact Molly Cotter at (614) 451-0808 or molly.cotter@kingthompson.com. You can also text 5064341 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).
See more listings at: http://mollycotter.cbintouch.com/
MLS ID: 218019852
Thursday, May 31, 2018
CENTRAL OHIO REAL ESTATE MARKET NEWS....
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Source: Columbus REALTORS®
Tuesday, April 24, 2018
CENTRAL OHIO REAL ESTATE MARKET NEWS....
Central Ohio Housing Report - March 2018
Inventory, closed sales on the rise in central Ohio
During the month of March, there were 3,485 homes and condos for sale in central Ohio, inching up over February by 3.2 percent. However, compared to a year ago, inventory is still down 17.3 percent. This left central Ohio with a 1.3 months supply of inventory at the current sales pace, according to the Columbus REALTORS® Multiple Listing Service.
“It’s encouraging to see inventory starting to increase in central Ohio,” said 2018 Columbus REALTORS® President Sara Walsh. “Sellers are realizing how hot the market is and are enjoying that advantage. Hopefully more sellers will follow suit, as we still have more buyers looking for homes than homes available to sell.”
There were 3,391 homes and condos listed during the month of March which is a whopping 42.9 percent more than February, but 0.1 percent less than March 2017.
The number of closed sales for March (2,381) also saw an significant increase of 41.6 percent greater than February although 8.6 percent below the same month a year ago.
“Central Ohio buyers were thrilled to see this influx in inventory and they wasted no time in committing to a new home,” Walsh said.
The average sale price of a home during the month of March in central Ohio was $219,939, which is 8.8 percent more than the same month a year ago. The median sales price was $185,000, up 9.5 percent from a year ago.
The median is the midpoint where half the homes sell for less, while half sell for more. The average sales price is the total volume divided by the number of homes sold.
“Home prices are continuing to climb and are a true reflection of how strong our market is in the greater Columbus region,” Walsh said. “This trend will likely continue as more homes are added to the market.”
Homes spent an average of 39 days on the market during the month of March, which is 5 days fewer than February.
According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 93 percent of central Ohio REALTORS® describe the current housing market in their area as moderate to strong and 100 percent describe their expectations for the next six months as moderate to strong.
When asked how they would describe their level of early spring sales activity, 46 percent of respondents said normal activity, 6.0 percent said lower than normal activity, but over half (58 percent) saw higher than normal activity.
Current housing report – March 2018
All housing reports
Columbus REALTORS® is comprised of over 8,000 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 residential properties for sale, visit www.Realtor.com.
During the month of March, there were 3,485 homes and condos for sale in central Ohio, inching up over February by 3.2 percent. However, compared to a year ago, inventory is still down 17.3 percent. This left central Ohio with a 1.3 months supply of inventory at the current sales pace, according to the Columbus REALTORS® Multiple Listing Service.
“It’s encouraging to see inventory starting to increase in central Ohio,” said 2018 Columbus REALTORS® President Sara Walsh. “Sellers are realizing how hot the market is and are enjoying that advantage. Hopefully more sellers will follow suit, as we still have more buyers looking for homes than homes available to sell.”
There were 3,391 homes and condos listed during the month of March which is a whopping 42.9 percent more than February, but 0.1 percent less than March 2017.
The number of closed sales for March (2,381) also saw an significant increase of 41.6 percent greater than February although 8.6 percent below the same month a year ago.
“Central Ohio buyers were thrilled to see this influx in inventory and they wasted no time in committing to a new home,” Walsh said.
The average sale price of a home during the month of March in central Ohio was $219,939, which is 8.8 percent more than the same month a year ago. The median sales price was $185,000, up 9.5 percent from a year ago.
The median is the midpoint where half the homes sell for less, while half sell for more. The average sales price is the total volume divided by the number of homes sold.
“Home prices are continuing to climb and are a true reflection of how strong our market is in the greater Columbus region,” Walsh said. “This trend will likely continue as more homes are added to the market.”
Homes spent an average of 39 days on the market during the month of March, which is 5 days fewer than February.
According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 93 percent of central Ohio REALTORS® describe the current housing market in their area as moderate to strong and 100 percent describe their expectations for the next six months as moderate to strong.
When asked how they would describe their level of early spring sales activity, 46 percent of respondents said normal activity, 6.0 percent said lower than normal activity, but over half (58 percent) saw higher than normal activity.
All housing reports
Columbus REALTORS® is comprised of over 8,000 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 residential properties for sale, visit www.Realtor.com.
Friday, April 13, 2018
1455 Berkshire Road Upper Arlington, OH 43221
Bedrooms: 3
Bathrooms: 2
Square feet: 2,279
Price: $449,900
For more information about this property, please contact Molly Cotter at (614) 451-0808 or molly.cotter@kingthompson.com. You can also text 4956800 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).
See more listings at: http://mollycotter.cbintouch.com/
MLS ID: 218011420
Thursday, April 5, 2018
3655 Payne Thompson Road London, OH 43140
Bedrooms: 5
Bathrooms: 3
Square feet: 3,167
Price: $369,900
For more information about this property, please contact Molly Cotter at (614) 451-0808 or molly.cotter@kingthompson.com. You can also text 4939099 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).
See more listings at: http://mollycotter.cbintouch.com/
MLS ID: 218010332
Saturday, March 31, 2018
Tuesday, January 30, 2018
CENTRAL OHIO REAL ESTATE MARKET NEWS....
Central Ohio Housing Report - December 2017
2017 was hottest housing market in history for central Ohio
There were 32,218 homes and condos sold in central Ohio in 2017, which is 1.7 percent higher than 2016 and the highest number of homes sold on record for a single year, according to the Columbus REALTORS® Multiple Listing Service.
2017 also saw record high home prices. The average sales price of a home last year was $214,802, which is 6.3 percent above the previous year. The median sales price of a home in 2017 was $181,500, which was 6.8 percent higher than 2016.
During the month of December, the average sales price of a home ($214,735) was 10.0 percent higher than the same month a year ago.
“The healthy economy of 2017 clearly produced many buyers who were persistent in the pursuit of home ownership,” said 2018 Columbus REALTORS® President Sara Walsh.
“Sales prices have continued to steadily inch up month after month, leaving us with one of the strongest housing markets on record.”
There were 1,493 central Ohio homes and condos listed during the month of December, a 1.2 percent increase over the same month a year ago, although a 29 percent drop from November.
The resulting inventory of homes for sale at the end of December was 3,876, which is 16 percent lower than November and the lowest on record in over 20 years. This marks the 83rd consecutive month of year over year declines in inventory.
The declines in inventory left central Ohio with a 1.4 months supply of inventory at the current sales pace, which is another all-time low. This means that, if no more homes were added to the market, it would take less than 1.5 months to sell all the homes and condos currently for sale in central Ohio. (A balanced market is usually around 6.5 months supply.)
“It’s not unusual for listings to taper off during the holidays,” Walsh said. “We’ll begin to see an uptick as spring approaches, if not sooner.”
Given the shortage of inventory, it comes as no surprise that homes sold more quickly in 2017. On average, homes spent only 35 days on the market last year which was 11 days fewer than 2016.
“More sellers should feel ready and eager to list in 2018,” adds Walsh. “Economic indicators such as unemployment rates and consumer confidence are at healthy levels, and sellers currently hold the keys in the buyer-seller relationship.”
According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 95 percent of central Ohio REALTORS® would describe the current housing market as moderate to strong. Over the next year, 95 percent of respondents said they expect home prices to rise and five percent said they expect them to level.
When asked how they think residential real estate will perform in 2018, 50 percent of respondents believe it will improve at a moderate to fast rate, 40 percent think the market will continue at its current rate, and 10 percent believe we’ll see a moderate slowdown.
Current housing report – December 2017
2017 Annual Report – Central Ohio Housing Market
All housing reports
Columbus REALTORS® is comprised of over 8,000 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 residential properties for sale, visit www.Realtor.com.
There were 32,218 homes and condos sold in central Ohio in 2017, which is 1.7 percent higher than 2016 and the highest number of homes sold on record for a single year, according to the Columbus REALTORS® Multiple Listing Service.
2017 also saw record high home prices. The average sales price of a home last year was $214,802, which is 6.3 percent above the previous year. The median sales price of a home in 2017 was $181,500, which was 6.8 percent higher than 2016.
During the month of December, the average sales price of a home ($214,735) was 10.0 percent higher than the same month a year ago.
“The healthy economy of 2017 clearly produced many buyers who were persistent in the pursuit of home ownership,” said 2018 Columbus REALTORS® President Sara Walsh.
“Sales prices have continued to steadily inch up month after month, leaving us with one of the strongest housing markets on record.”
There were 1,493 central Ohio homes and condos listed during the month of December, a 1.2 percent increase over the same month a year ago, although a 29 percent drop from November.
The resulting inventory of homes for sale at the end of December was 3,876, which is 16 percent lower than November and the lowest on record in over 20 years. This marks the 83rd consecutive month of year over year declines in inventory.
The declines in inventory left central Ohio with a 1.4 months supply of inventory at the current sales pace, which is another all-time low. This means that, if no more homes were added to the market, it would take less than 1.5 months to sell all the homes and condos currently for sale in central Ohio. (A balanced market is usually around 6.5 months supply.)
“It’s not unusual for listings to taper off during the holidays,” Walsh said. “We’ll begin to see an uptick as spring approaches, if not sooner.”
Given the shortage of inventory, it comes as no surprise that homes sold more quickly in 2017. On average, homes spent only 35 days on the market last year which was 11 days fewer than 2016.
“More sellers should feel ready and eager to list in 2018,” adds Walsh. “Economic indicators such as unemployment rates and consumer confidence are at healthy levels, and sellers currently hold the keys in the buyer-seller relationship.”
According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 95 percent of central Ohio REALTORS® would describe the current housing market as moderate to strong. Over the next year, 95 percent of respondents said they expect home prices to rise and five percent said they expect them to level.
When asked how they think residential real estate will perform in 2018, 50 percent of respondents believe it will improve at a moderate to fast rate, 40 percent think the market will continue at its current rate, and 10 percent believe we’ll see a moderate slowdown.
Current housing report – December 2017
2017 Annual Report – Central Ohio Housing Market
All housing reports
Columbus REALTORS® is comprised of over 8,000 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 residential properties for sale, visit www.Realtor.com.
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