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Do List Price Reductions Indicate the End of the Seller’s Market?

Do List Price Reductions Indicate the End of the Seller’s Market?

by Susanne Novak | Jun 11, 2018 | Seller Tips

In the past few weeks I noticed that many sellers have lowered the list price of their homes. Does this indicate a slow-down of our booming real estate market, or were these listings simply overpriced?​ I was curious. So, we looked into price reductions in a few...
March Market Update: Sales Slump, Prices Skyrocket, Inventory Rock Bottom

March Market Update: Sales Slump, Prices Skyrocket, Inventory Rock Bottom

by Susanne Novak | Apr 30, 2018 | Market Updates

I’ve been blessed with new listings every couple of weeks since the beginning of the year. I am truly grateful to the homeowners who trust me to manage the sale of their most valuable asset. I am also working with many buyers, and I see every day how frustrating...
February Market Update: Values Up by 10.4%, but Sales Decline

February Market Update: Values Up by 10.4%, but Sales Decline

by Susanne Novak | Mar 26, 2018 | Market Updates

https://susannenovak.com/wp-content/uploads/2018/03/february-market-update-values-up-by-104-but-sales-decline.mp4 The Columbus housing market continues to struggle with historically low inventories. At the end of February only 3,376 homes were listed for sale in...
January Market Update: New Listings Down by 11.2%

January Market Update: New Listings Down by 11.2%

by Susanne Novak | Feb 26, 2018 | Market Updates

The January housing numbers are in, and they are not looking good. After setting new records every month in 2017, the tight inventory put a brake on the booming real estate market. There’s still a lot of demand from buyers. There are just not enough homes for...
Median Sale Price at Record High & More Pending Contracts

Median Sale Price at Record High & More Pending Contracts

by Susanne Novak | Aug 8, 2017 | Market Updates

The Columbus housing market is still buzzing. During the first half of 2017, the median sale price for home values reached record highs with an average of $226,050 in June 2017. That’s 5.1% higher than a year ago. The number of homes sold is slightly higher than...
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