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Market Update: New Listings Increase by 33% while Showing Index Hits Record High
The Central Ohio housing market is booming. As a buyer you know how hard it is to get an offer accepted when 20 others compete for the same property. Home sales were 23.1% higher in April compared to the same month last year. New listings increased by 32.9%, and the...
Market Update: How Much Over List Price Should You Offer to Win?
The total number of homes sold increased by only 2.3% in March. Not a big jump if you consider that we were locked down this time last year. However, the average sales price was up by 11.5%, Days on Market plummeted by 41.5%, the average home sells for more than list...
Market Update: Why Home Sales Dropped in February
The February 2021 housing report offers bleak news for buyers. Strong buyer demand has pushed the average sales price 13.4% higher. We suffer from record low inventories leading to a decline in sales of 2.9%. Pending contracts plummeted by a stunning 11.9% which will...
Market Update: On a Crash Course to Zero Inventory
In January, home sales increased by 10.4% while new listings declined by 9.1%. Are we facing a future with absolutely no inventory for sale? This chart shows how the inventory has dropped over the past 10 years. In January, the number of home sales surpassed active...
Market Update: 5 Charts Show How 2020 Home Sales Broke All Records
The 2020 housing market broke all records. After a short interruption due to Covid related lockdowns, real estate staged a remarkable comeback in the second half of the year. Despite of Covid, Realtors sold more homes in less time at higher prices than ever before. In...
Market Update: Why Luxury Home Sales are on Fire
The housing market kept rallying throughout fall. We are on track to set a new sales record in 2020. Residential sales were up by 12.7% in November when compared to the same month a year ago, and the average sales price jumped by 15.3%. With low interest rates...
Market Update: Home Prices Spike, Inventory Plummets, Sales Jump Higher than in 2019
Sales of existing homes saw a spectacular gain despite of plummeting inventories and rapidly rising prices. Nationwide, October sales increased year-over-year by 26.6%. How the Columbus Housing Market Compares Home sales are on track to surpass 2019 by at least 3%....
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