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February Market Update: How COVID-19 Will Impact the Housing Market

February Market Update: How COVID-19 Will Impact the Housing Market

by Susanne Novak | Mar 23, 2020 | Covid, Market Updates

The Central Ohio Housing Market Update for February 2020 is fantastic. Sales increased by 13.3%, pending contracts are up by 10.8%, and the median sales price soared by 10.7%. Unfortunately, this does not reflect what happened in the past 2 weeks and how the...
How a Neighbor Lost $50K by Overpricing their Listing

How a Neighbor Lost $50K by Overpricing their Listing

by Susanne Novak | Feb 16, 2020 | Seller Tips

Home values have increased dramatically over the past 5 years. If you’ve been thinking of selling you may be tempted to test the market and list higher than all the other sales in your neighborhood. ​Don’t do it! Setting the wrong initial list price can...
Market Update: Median Price Jumps 8% while Inventory Remains at Historic Lows

Market Update: Median Price Jumps 8% while Inventory Remains at Historic Lows

by Susanne Novak | Dec 22, 2019 | Market Updates

Columbus will outperform the housing market in 2020.​ That’s the prediction made by the National Association of Realtors (NAR) in their Top Ten Outperforming Metro Market Report. Here are the top 10 US cities listed in the report. What does this mean for you? It...
Market Update: Pending Contracts Up Sharply while Closings Decline

Market Update: Pending Contracts Up Sharply while Closings Decline

by Susanne Novak | Nov 25, 2019 | Market Updates

In October, we saw an unusually sharp increase of pending contracts, while home closings dipped a little. New listings are on the rise; however, the inventory remains at historic lows. Here are the details … Inventory Below 2018, but Stable The inventory of...
Market Update: New Listings Plummet in Suburbs

Market Update: New Listings Plummet in Suburbs

by Susanne Novak | Sep 23, 2019 | Market Updates

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...
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