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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: How Much Over List Price Should You Offer to Win?

Market Update: How Much Over List Price Should You Offer to Win?

by Susanne Novak | Apr 26, 2021 | Covid, Market Updates

The total number of homes sold increased by only 2.3% in March. Not a big jump if you consider that we were locked down this time last year. However, the average sales price was up by 11.5%, Days on Market plummeted by 41.5%, the average home sells for more than list...
Market Update: Why Home Sales Dropped in February

Market Update: Why Home Sales Dropped in February

by Susanne Novak | Mar 29, 2021 | Market Updates

The February 2021 housing report offers bleak news for buyers. Strong buyer demand has pushed the average sales price 13.4% higher. We suffer from record low inventories leading to a decline in sales of 2.9%. Pending contracts plummeted by a stunning 11.9% which will...
Market Update: On a Crash Course to Zero Inventory

Market Update: On a Crash Course to Zero Inventory

by Susanne Novak | Feb 22, 2021 | Market Updates

In January, home sales increased by 10.4% while new listings declined by 9.1%. Are we facing a future with absolutely no inventory for sale? This chart shows how the inventory has dropped over the past 10 years. In January, the number of home sales surpassed active...
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