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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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October Market Update: More Price Reductions as Closings Decline
I hope you had an enjoyable Thanksgiving Holiday, got all your Black Friday Shopping done, and celebrated yet another Buckeye victory over the team up north. We spent a couple of days in Chicago and enjoyed Thanksgiving dinner with our sons. Visiting the Christkindl...
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September Market Update: Inventory Increases 1st Time in 7 Years
September home sales are in. The slowdown of the market, which I predicted over the summer months, is now confirmed by real numbers. Inventory Rises Just a Little The biggest news is a slight increase of the listing inventory by 2.6% (as compared to September 2017)....
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August 2018 Market Update: The Summer Slump is Over
It appears that the summer slump is over, and the market is buzzing again. The average sales price has increased by 6.6% year over year. It stands at $231,353. Change is in the air though. There are more new listings on the market and the number of pending contracts...
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July 2018 Market Update: The Summer Slowdown is Probably Over
July was another excellent month for home sales and property values. It appears that last month's slowdown was seasonal, and the market is heating up again. This month's report will elaborate on the current status of the housing market. Although home sales have been...
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