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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: Home Sales & New Listings 10% Higher in 2021

Market Update: Home Sales & New Listings 10% Higher in 2021

by Susanne Novak | Jan 24, 2022 | Market Updates

Together with the December 2021 housing report, the Columbus Association of Realtors published an Annual Report on the Columbus Housing Market. Here are the highlights of last year’s booming market and some insights on what to expect as we go into 2022. Home...
How a Neighbor Lost $50K by Overpricing their Listing

How a Neighbor Lost $50K by Overpricing their Listing

by Susanne Novak | Feb 16, 2020 | Seller Tips

Home values have increased dramatically over the past 5 years. If you’ve been thinking of selling you may be tempted to test the market and list higher than all the other sales in your neighborhood. Don’t do it! Setting the wrong initial list price can...
Homeowners are 48 Times “Richer” than Renters

Homeowners are 48 Times “Richer” than Renters

by Susanne Novak | Jan 14, 2019 | Trends

Do you remember the New Albany Condo I advertised in last week’s email? I had 20 buyers visit my open house, we received 3 offers above list price, and 2 agents called me with eager buyers after a contract was signed. There’s a lot of demand for...
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