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Market Update: September Home Sales Spike, Decimates Inventory
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 month of...
Market Update: New Listings Plummet in Suburbs
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 the...
Market Update: Spike in Condo Sales Makes July Best Ever
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 We...
Market Update: Building Permits Slump by 21%
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 culprit?...
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...
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...
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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