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How the Housing Market Has Changed in the Past Week

How the Housing Market Has Changed in the Past Week

by Susanne Novak | Mar 30, 2020 | Covid, Market Updates

We made it through the first week of the Stay-at-Home directive. The housing market is still buzzing, however, at a lower rate than we all anticipated. Today, I want to give you a short update from the trenches. ​​Homeowners Are Still Listing 638 homes were listed for...
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...
Market Update: Listings Jump 10.4% as Sellers Take Advantage of Mild Winter

Market Update: Listings Jump 10.4% as Sellers Take Advantage of Mild Winter

by Susanne Novak | Feb 23, 2020 | Market Updates

In January, realtor.com named Columbus the TOUGHEST Housing Market to find a Home in the Midwest. That’s based on the fact that only 8.1 homes are listed for every 1,000 households. If you’ve been thinking about selling your home, this market update is for...
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: 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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