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April Market Update: Median Sale Price Skyrockets by 12.4%

April Market Update: Median Sale Price Skyrockets by 12.4%

by Susanne Novak | May 28, 2019 | Market Updates

In a somewhat surprising twist, the Columbus housing market bounced back in April. This month’s home sales stats are almost a complete opposite of March’s. Median Sale Price Skyrockets by 12.4% In April the Median Sales Price of existing homes increased to...
March Market Update: Home Sales Slump by 8.7%

March Market Update: Home Sales Slump by 8.7%

by Susanne Novak | Apr 29, 2019 | Market Updates

Don’t be fooled by a report claiming that Columbus is the Hottest Housing Market in the country or by a news release that states home sales were up by 24.7% in March. Both claims are misleading. Keep reading to find out what’s really going on … ​...
Market Update: Fewer New Listings – More Closed Sales

Market Update: Fewer New Listings – More Closed Sales

by Susanne Novak | Mar 25, 2019 | Market Updates

The latest Housing Report was just released by the Columbus Association of Realtors. It clearly shows that the market is heating up again. Lots of buyers are looking for homes below $400,000, but there are not enough listings. The inventory increased by 7% in February...
January 2019 Market Update: Home Sales Down while Inventory Grows by 12%

January 2019 Market Update: Home Sales Down while Inventory Grows by 12%

by Susanne Novak | Feb 25, 2019 | Market Updates

The housing market is changing. Both inventory and new listings have increased by more than 10% in January, while closings are down from a year ago. The original list price to sale price ratio dropped to 94.8%. Sellers have accepted larger discounts than any time in...
Market Update: What to Expect in 2019 After a Dismal December

Market Update: What to Expect in 2019 After a Dismal December

by Susanne Novak | Jan 28, 2019 | Market Updates

I had a strong December with 3 new listings and 4 closings before the end of the year. That’s why I was really surprised when I read the December housing report from the Columbus Realtors Association. With the exception of the average sales price, which...
November Market Update: Pending Contracts Drop but Prices Continue to Rise

November Market Update: Pending Contracts Drop but Prices Continue to Rise

by Susanne Novak | Dec 24, 2018 | Market Updates

The November 2018 Housing Report came out just in time for the Holidays. Let me give you a short summary before you welcome Santa Claus and celebrate Christmas. ​New Listings Rise while Pending Contracts Plummet Listing activity has picked up in November. There were...
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