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Market Update July 2020: Sales Prices Exceed List Prices

Market Update July 2020: Sales Prices Exceed List Prices

by Susanne Novak | Aug 24, 2020 | Covid, Market Updates

The housing market has experienced an incredible recovery after the lockdowns. We broke numerous records in July, but a surprise development may signal the end to the summer boom. Monthly Closings Set All-Time Record A total of 3,536 home sales closed in July....
How Quickly Do Homes Really Sell in Your Price Range?

How Quickly Do Homes Really Sell in Your Price Range?

by Susanne Novak | Aug 3, 2020 | Seller Tips

The housing market has recovered from the lockdowns. This year is even more competitive than 2019 with extremely low inventories and many homes selling for more than list price. Today I want to explain how fast homes really sell and take a closer look at Days On...
Market Update: Median Sales Price Highest Ever While Closings Slump

Market Update: Median Sales Price Highest Ever While Closings Slump

by Susanne Novak | Jun 29, 2020 | Market Updates

The May market update from the Columbus Association of Realtors confirmed my previous estimates. The listing inventory is 28% lower than a year ago, but buyer interest has surged significantly since the economy started to re-open – and home values keep rising. ​...
Boom or Bust? How Will Housing Fare When the Economy Opens Up?

Boom or Bust? How Will Housing Fare When the Economy Opens Up?

by Susanne Novak | May 4, 2020 | Covid, Seller Tips

How will the housing market react when the economy starts opening up next week? Boom or bust? This question is probably on your mind if you have considered buying or selling this year.​ Many indicators point to a quick recovery of home sales. I believe we will even...
Don’t Confuse Days on Market with How Long it Takes to Sell Your Home

Don’t Confuse Days on Market with How Long it Takes to Sell Your Home

by Susanne Novak | Nov 4, 2019 | Seller Tips

The housing market has changed over the summer. You may be wondering if we are still in a seller’s market? That depends on the value of your property. Last week I explained how 50% of all homes sell between $100,000 and $250,000. Only 5% of buyers can afford luxury...
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