by Susanne Novak | Nov 25, 2019 | Market Updates
In October, we saw an unusually sharp increase of pending contracts, while home closings dipped a little. New listings are on the rise; however, the inventory remains at historic lows. Here are the details … Inventory Below 2018, but Stable The inventory of...
by Susanne Novak | Oct 28, 2019 | Market Updates
September home sales were exceptionally strong. Closings increased by 8.9% over last year’s numbers, probably fueled by lower interest rates. At the same time 8.4% more homeowners decided to list. It’s the largest increase of new listings ever during the...
by Susanne Novak | Sep 23, 2019 | Market Updates
Fall is the time of the year when fewer homes are listed for sale. It is a time when sellers are more motivated to accept lower offers, which opens the door for buyers to find better deals and face less competition. This chart proves my point … The chart shows...
by Susanne Novak | Aug 26, 2019 | Market Updates
July saw a 3.9% increase in home sales. It’s mostly due to a sharp rise in condominium sales while single family homes were stagnant. A lack of new listings kept the inventory at its lowest level ever for the month of July, while home values keep rising. Trends...
by Susanne Novak | Jul 29, 2019 | Market Updates
June used to be the best month for home sales. Not this year. Home sales were down by 3.6% as compared to a year ago. While other metros are reporting more listings and longer days on market, Central Ohio is stubbornly fighting a lack of inventory. Who’s the...
by Susanne Novak | Jun 24, 2019 | Market Updates
Last week I received a voice message from an angry homeowner. He accused me of FAKE NEWS after he received my postcard saying that the median sales price skyrocketed by 12.4%. Sorry, pal. It’s true. Columbus Realtors housing stats show that the median has...
