Wednesday, December 31, 2014
Friday, November 21, 2014
CENTRAL OHIO REAL ESTATE MARKET NEWS......
Central Ohio Housing Report - October 2014
Central Ohio home sales jump in October
(Nov. 20, 2014 – Columbus, OH) - There were 2,335 central Ohio homes and condos sold in October 2014, which is a 9.9 percent gain from October 2013 and just 0.6 percent lower than the previous month’s sales, according to the Columbus REALTORS® Multiple Listing Service (MLS).
The average sales price of a home also continued to climb for the eighth month in a row to $182,368 in October, an increase of 1.7 percent from the previous month and a 6.7 percent increase from October 2013. The average price is the total volume divided by the number of homes sold.
“Many buyers heeded our advice and jumped on the market last month,” said Milt Lustnauer, Columbus REALTORS 2014 president. “With the increased inventory added in September and prices rising, we knew folks would get excited about the selection and value for their money.”
There were 2,697 homes and condos listed for sale in October 2014, which is a decrease of 8.1 percent from October 2013. The additional inventory brought the total number of homes and condos for sale to 8,890, which just trails September by 5.5 percent.
“The decrease in inventory is a customary reaction to the dropping temperature,” Lustnauer added. “Additionally, consumers tend to be preoccupied around the holidays and not focused as much on potentially listing their homes. So it’s actually a prime time to put your home on the market.”
According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®) 92 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and 84 percent expect housing prices to rise over the next year.
“Sales prices have climbed steadily throughout 2014 and buyer interest has remained high as a result,” Lustnauer said. “We can only expect that sales prices will continue to inch up in the coming months.”
Seventy-six percent of central Ohio REALTORS® indicated that the middle market has been in highest demand; 16 percent said the low-end and eight percent indicated the high-end market has been best this year.
Current housing report – October 2014
All housing reports
Columbus REALTORS® is comprised of over 6,500 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.
To view residential properties for sale, visit www.Realtor.com.
The average sales price of a home also continued to climb for the eighth month in a row to $182,368 in October, an increase of 1.7 percent from the previous month and a 6.7 percent increase from October 2013. The average price is the total volume divided by the number of homes sold.
“Many buyers heeded our advice and jumped on the market last month,” said Milt Lustnauer, Columbus REALTORS 2014 president. “With the increased inventory added in September and prices rising, we knew folks would get excited about the selection and value for their money.”
There were 2,697 homes and condos listed for sale in October 2014, which is a decrease of 8.1 percent from October 2013. The additional inventory brought the total number of homes and condos for sale to 8,890, which just trails September by 5.5 percent.
“The decrease in inventory is a customary reaction to the dropping temperature,” Lustnauer added. “Additionally, consumers tend to be preoccupied around the holidays and not focused as much on potentially listing their homes. So it’s actually a prime time to put your home on the market.”
According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®) 92 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and 84 percent expect housing prices to rise over the next year.
“Sales prices have climbed steadily throughout 2014 and buyer interest has remained high as a result,” Lustnauer said. “We can only expect that sales prices will continue to inch up in the coming months.”
Seventy-six percent of central Ohio REALTORS® indicated that the middle market has been in highest demand; 16 percent said the low-end and eight percent indicated the high-end market has been best this year.
Current housing report – October 2014
All housing reports
Columbus REALTORS® is comprised of over 6,500 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.
To view residential properties for sale, visit www.Realtor.com.
Tuesday, October 21, 2014
CENTRAL OHIO REAL ESTATE MARKET NEWS......
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Saturday, September 27, 2014
Thursday, August 28, 2014
FRANKLIN COUNTY AUDITOR INFO.....
Question
about your new property value?The Franklin County Auditor's Office sent out tentative
property values for all 440,000-plus parcels of property in Franklin County on
Friday, Aug. 8.
If you own property and have not yet received the mailer, you will be receiving
it shortly. In the meantime, you can check
your property value online. Informal review sessions will be held on
Wednesday, September
21 and Thursday,
September 22 at Columbus REALTORS® where owners have the
opportunity to present information that supports a different value. More information.
Wednesday, July 23, 2014
CENTRAL OHIO REAL ESTATE MARKET NEWS.....
Central Ohio
homes sales heat up with temperatures
(July, 22, 2014 – Columbus, OH) – There were 2,856
central Ohio homes and condos sold in June
2014, an 11.2 percent increase over the previous month, although
down 3.3 percent from June
2013.
With
an inventory level of 9,247, the number of homes on the market is 5.5 percent
higher than May 2014,
according to the Columbus REALTORS® Multiple Listing Service
(MLS).
“The
number of homes sold this past month is a true reflection that buyers are hungry
for new inventory, which just continues to climb month after month in central
Ohio,” said Milt Lustnauer, 2014 president of Columbus REALTORS®. “Buyer
interest is still incredibly high right now, making it a terrific time to put
your home on the market.”
There
were 3,903 central Ohio homes and condos listed for sale in June 2014, which
is down .1 percent from the previous month and also down 1.2 percent from June
2013.
The
average sales price of a home was $201,285, which is up 9.1 percent from May,
and up 2.6 from June
2013.
“Sales prices of central Ohio homes continue to
increase, which has been the trend since the beginning of the year,” Lustnauer
said. “House prices are still reasonable and affordable, but will likely
continue to rise throughout the rest of the year.”
According to the latest Housing Market Confidence Index
(by the Ohio Association of REALTORS®) 100 percent of central Ohio REALTORS®
describe the current housing market as moderate to strong and expect it to
remain so over the next six months. Ninety percent of central Ohio REALTORS®
also expect housing prices to rise over the course of the next
year.
Given
current market conditions, 50 percent REALTORS® say that the difficulty in
securing financing remains the same, 18 percent say it’s somewhat more difficult
and 29 percent say it’s somewhat easier.
Current housing report – June 2014
All housing reports
Columbus REALTORS® is comprised of over 6,100 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.
To view residential properties for sale, visit www.Realtor.com.
Source: Columbus REALTORS®
July 22, 2014
All housing reports
To view residential properties for sale, visit www.Realtor.com.
Source: Columbus REALTORS®
July 22, 2014
Tuesday, June 24, 2014
CENTRAL OHIO REAL ESTATE MARKET NEWS......
Demand for homes high in central Ohio
(June 23, 2014
Columbus, OH) – There were 3,935 central Ohio homes and condos listed for sale
in May 2014, 7.1
percent lower than the previous year, but up 6.2 percent from
April.
With an inventory level of 8,766, the number of homes on the market is 12.9 percent lower than May 2013 according to the Columbus REALTORS® Multiple Listing System (MLS).
“We’re averaging over 125 homes listed for sale daily, but the demand continues to outpace the supply,” said Milt Lustnauer, 2014 president of Columbus REALTORS®. “Home sales continue to rise as we move into summer, so it’s a great time to sell your home with buyer interest so high right now.”
There were 2,569 central Ohio homes and condos sold in May 2014, up 17 percent from the 2195 homes sold the previous month
The average sale price was $184,474, which was up 4.9 percent than last year and up 4.7 percent from April.
“Sales prices in central Ohio continue to climb, as they have since the beginning of the year,” Lustnauer said. “Unlike during the housing boom, home price increases are reasonable and sustainable so we anticipate prices continuing to rise at this type of pace throughout the year.”
According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®) 100 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and expect it to remain so over the next six months. Ninety-four percent of central Ohio REALTORS® also expect housing prices to rise over the course of the next year.
Given current market conditions, 39 percent of sellers in central Ohio are becoming more realistic when anticipating the value of their home to put on the market. But 42 percent seem less realistic about the value of their home.
Current housing report – May 2014
All housing reports
With an inventory level of 8,766, the number of homes on the market is 12.9 percent lower than May 2013 according to the Columbus REALTORS® Multiple Listing System (MLS).
“We’re averaging over 125 homes listed for sale daily, but the demand continues to outpace the supply,” said Milt Lustnauer, 2014 president of Columbus REALTORS®. “Home sales continue to rise as we move into summer, so it’s a great time to sell your home with buyer interest so high right now.”
There were 2,569 central Ohio homes and condos sold in May 2014, up 17 percent from the 2195 homes sold the previous month
The average sale price was $184,474, which was up 4.9 percent than last year and up 4.7 percent from April.
“Sales prices in central Ohio continue to climb, as they have since the beginning of the year,” Lustnauer said. “Unlike during the housing boom, home price increases are reasonable and sustainable so we anticipate prices continuing to rise at this type of pace throughout the year.”
According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®) 100 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and expect it to remain so over the next six months. Ninety-four percent of central Ohio REALTORS® also expect housing prices to rise over the course of the next year.
Given current market conditions, 39 percent of sellers in central Ohio are becoming more realistic when anticipating the value of their home to put on the market. But 42 percent seem less realistic about the value of their home.
Current housing report – May 2014
All housing reports
Source: Columbus REALTORS®
June 23, 2014
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