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Market Update: Avg Sales Price Shattering the $250K Glass Ceiling
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 increased by...
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April Market Update: Median Sale Price Skyrockets by 12.4%
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 $213,600...
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March Market Update: Home Sales Slump by 8.7%
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 ... Closed Sales, New...
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Market Update: Fewer New Listings – More Closed Sales
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...
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January 2019 Market Update: Home Sales Down while Inventory Grows by 12%
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...
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Market Update: What to Expect in 2019 After a Dismal December
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 increased in...
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November Market Update: Pending Contracts Drop but Prices Continue to Rise
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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