Market Updates
Posts
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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
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)....
read more
Receive Weekly Updates