Wednesday, July 25, 2012

Central Ohio Housing Report

The Columbus Board of Realtors recently released the housing report for June of 2012.  You can see the full article here, but I thought I'd save you some time and mention a few things that stuck out to me...

-  In the past year, inventory levels have decreased 33%.  This means that the market is balancing, a good sign for sellers.  (Click here to find out what your home is worth)

-  Home sales were up 18.1% in June 2012 versus June 2011.

-  Homes are selling roughly 4-5 days faster than last year at this time, and the median sales price is 15% higher.

-  In the Gahanna-Jefferson area, closed sales are up 24% from last year, and the median sales price has also risen over 20% from June 2011.

These stats are courtesy of the CBR and are available to anyone on the CBR website.  The numbers could be a result of any combination of factors, but in general, it is nice to see positive housing news.

To get more information on homes that are currently on the market in Central Ohio use the "Market Listing" links on the sidebar or visit my website for more real estate information.

Take care,
Scott Morrison

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