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Market Update: Building Permits Slump by 21%

Market Update: Building Permits Slump by 21%

by Susanne Novak | Jul 29, 2019 | Market Updates

June used to be the best month for home sales. Not this year. Home sales were down by 3.6% as compared to a year ago. While other metros are reporting more listings and longer days on market, Central Ohio is stubbornly fighting a lack of inventory. Who’s the...
August 2018 Market Update: The Summer Slump is Over

August 2018 Market Update: The Summer Slump is Over

by Susanne Novak | Sep 24, 2018 | Market Updates

It appears that the summer slump is over, and the market is buzzing again. The average sales price has increased by 6.6% year over year. It stands at $231,353. Change is in the air though. There are more new listings on the market and the number of pending contracts...
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...
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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