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Market Update: Home Values Rise by 11% in Feb, Keeping First-Time Buyers Struggling

Market Update: Home Values Rise by 11% in Feb, Keeping First-Time Buyers Struggling

by Susanne Novak | Mar 21, 2022 | Market Updates

There were no surprises in the February housing report. Home sales were up by 1.8%, while pending contracts slipped by 1% as compared to a year ago. The 5% increase in new listings improved the inventory by only 3.3%. As of this morning, there were 1,540 active...
Market Update: Median Price Up by 11% while Home Sales Decline in January

Market Update: Median Price Up by 11% while Home Sales Decline in January

by Susanne Novak | Feb 28, 2022 | Market Updates

The Central Ohio Housing Market was mostly unchanged in January. Home sales and pending contracts were slightly lower than last year, while home values kept rising by double digits. Home Sales Down – Inventory Remains Low The chart below shows how Pending...
Market Update: Days on Market Plummet by 90% since 2011

Market Update: Days on Market Plummet by 90% since 2011

by Susanne Novak | Jun 28, 2021 | Market Updates

While home sales have slowed down in many parts of the country during the month of May, the Columbus housing market is still red hot. Closed sales, pending contracts, and sales prices are up by double digits. Even New Listings have increased by 20.7% in May as...
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: September Home Sales Spike, Decimates Inventory

Market Update: September Home Sales Spike, Decimates Inventory

by Susanne Novak | Oct 28, 2019 | Market Updates

September home sales were exceptionally strong. Closings increased by 8.9% over last year’s numbers, probably fueled by lower interest rates. At the same time 8.4% more homeowners decided to list. It’s the largest increase of new listings ever during the...

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Recent Posts

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