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Market Update: Median Price Jumps 8% while Inventory Remains at Historic Lows

Market Update: Median Price Jumps 8% while Inventory Remains at Historic Lows

by Susanne Novak | Dec 22, 2019 | Market Updates

Columbus will outperform the housing market in 2020.​ That’s the prediction made by the National Association of Realtors (NAR) in their Top Ten Outperforming Metro Market Report. Here are the top 10 US cities listed in the report. What does this mean for you? It...
Market Update: Pending Contracts Up Sharply while Closings Decline

Market Update: Pending Contracts Up Sharply while Closings Decline

by Susanne Novak | Nov 25, 2019 | Market Updates

In October, we saw an unusually sharp increase of pending contracts, while home closings dipped a little. New listings are on the rise; however, the inventory remains at historic lows. Here are the details … Inventory Below 2018, but Stable The inventory of...
Market Update: New Listings Plummet in Suburbs

Market Update: New Listings Plummet in Suburbs

by Susanne Novak | Sep 23, 2019 | Market Updates

Fall is the time of the year when fewer homes are listed for sale. It is a time when sellers are more motivated to accept lower offers, which opens the door for buyers to find better deals and face less competition. This chart proves my point … The chart shows...
Market Update: Spike in Condo Sales Makes July Best Ever

Market Update: Spike in Condo Sales Makes July Best Ever

by Susanne Novak | Aug 26, 2019 | Market Updates

July saw a 3.9% increase in home sales. It’s mostly due to a sharp rise in condominium sales while single family homes were stagnant. A lack of new listings kept the inventory at its lowest level ever for the month of July, while home values keep rising. Trends...
March Market Update: Home Sales Slump by 8.7%

March Market Update: Home Sales Slump by 8.7%

by Susanne Novak | Apr 29, 2019 | Market Updates

Don’t be fooled by a report claiming that Columbus is the Hottest Housing Market in the country or by a news release that states home sales were up by 24.7% in March. Both claims are misleading. Keep reading to find out what’s really going on … ​...
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