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Market Update: Record Sales & Strong Buyer Demand Push Inventory Lower

Market Update: Record Sales & Strong Buyer Demand Push Inventory Lower

by Susanne Novak | Dec 27, 2021 | Market Updates

I received the official homes sales data for November just before the holidays … there is simply no end to the hot housing market. The total number of home sales closed since the start of 2021 already surpassed all sales recorded in 2020. We are certainly...
Market Update: Closed Sales & Pendings on the Rise While Inventory Falls

Market Update: Closed Sales & Pendings on the Rise While Inventory Falls

by Susanne Novak | Nov 29, 2021 | Market Updates

The Columbus housing market was buzzing during the month of October. Home sales were up by 5% and pending contracts were 11.6% higher than a year ago. Buyers who missed out during the spring selling season are taking advantage of less competition while interest rates...
Market Update: Inventory Takes a Tumble as Fewer Owners List in Suburbs

Market Update: Inventory Takes a Tumble as Fewer Owners List in Suburbs

by Susanne Novak | Oct 25, 2021 | Market Updates

Home sales scored another record in September and prices were up by double digits. There was an unexpected drop in inventory (compared to August) which was partially due to a sharp decline in new listings in some major suburbs. New Listings Plummet in Popular Suburbs...
Market Update: Inventory Grows as Price Gain Slows

Market Update: Inventory Grows as Price Gain Slows

by Susanne Novak | Sep 27, 2021 | Market Updates

The Columbus housing market continued to boom in August as 9.3% more transactions closed than a year ago. Prices kept climbing and a large number of listings fetched more than list price. New Listings Drop but Inventory Climbs After New Listings had increased by 21%...
Market Update: Record Number of New Listings Result in First Inventory Gain in 28 Months

Market Update: Record Number of New Listings Result in First Inventory Gain in 28 Months

by Susanne Novak | Aug 30, 2021 | Market Updates

The July 2021 housing report shows how the Columbus real estate market is slowly normalizing. Sales were only 2.7% higher than during the same month a year ago. The Median Sales Price remained at $275,000 for the third month in a row. This represents a year-over-year...
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