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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....
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. ​...
Market Update: Signs of Summer Boom Emerge as Economy Re-Opens

Market Update: Signs of Summer Boom Emerge as Economy Re-Opens

by Susanne Novak | May 26, 2020 | Market Updates

You would not believe it when you read the papers – buyer demand is through the roof. ​Both properties I listed last week are now in contract at or above list price. The Muirfield residence you see featured at the end of this email had 12 showings on the first...
Market Update: March Inventory Lower & Sales Prices Higher Despite of the Coronavirus

Market Update: March Inventory Lower & Sales Prices Higher Despite of the Coronavirus

by Susanne Novak | Apr 27, 2020 | Covid, Market Updates

It is truly amazing how quickly the Columbus housing market has adjusted in March to the new normal. Home values keep rising despite of the uncertainty caused by COVID-19. The Columbus Association of Realtors just came out with its March 2020 market update. It’s...
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...
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