by Susanne Novak | Jun 25, 2017 | Market Updates
The average sales price has increased in Central Ohio every single month since early 2013. It is no surprise we hit a new record in May 2017. As more people move to Columbus there’s a tremendous need for housing. Despite an a booming apartment rental sector and...
by Susanne Novak | May 28, 2017 | Market Updates
The lack of listing inventory has caught up with the housing market. Home sales dropped by a staggering 10.9% in April (while values sky-rocket). This is very unusual and never happened in spring. Traditionally, April and May have been the months when home sales...
by Susanne Novak | Feb 26, 2017 | Market Updates
New home construction has surged all over the country in 2016. With inventories dropping further every single month, many of my customers choose to buy a spec home (or have one built). This is the best solution, if you can’t find the features you are looking for...
by Susanne Novak | Jan 29, 2017 | Market Updates
December 2016 home sales were flat as compared to a year ago, but home values keep rising. We did not see the usual “December Spike” I mentioned in a previous market update. Overall 2016 was a record year! Closed sales were up by 6.8% and home values rose...
by Susanne Novak | Jan 22, 2017 | Market Updates
House flipping is gaining in popularity again. An increasing number of property investors wants to get back in the market to capitalize on the very limited supply of homes for sale and a strong demand from buyers. Reality shows on channels like HGTV have contributed...
by Susanne Novak | Sep 11, 2016 | Market Updates
Home sales dropped by 7.6% in the Columbus MLS during the month of July 2016. This comes as a surprise to both economists and Realtors, who predicted solid growth for the rest of the year. Why did the Columbus Real Estate Market fall off a Cliff? Here are a few...
