by Susanne Novak | Apr 26, 2021 | Covid, Market Updates
The total number of homes sold increased by only 2.3% in March. Not a big jump if you consider that we were locked down this time last year. However, the average sales price was up by 11.5%, Days on Market plummeted by 41.5%, the average home sells for more than list...
by Susanne Novak | Apr 9, 2021 | Buyer Tips, Covid
Central Ohio is experiencing an extreme housing shortage. Here’s a report from the trenches: Text from one of my agents: “26 showing requests since I put the new listing on the MLS an hour ago”. “More than 60 showing requests after a Coming...
by Susanne Novak | Mar 29, 2021 | Market Updates
The February 2021 housing report offers bleak news for buyers. Strong buyer demand has pushed the average sales price 13.4% higher. We suffer from record low inventories leading to a decline in sales of 2.9%. Pending contracts plummeted by a stunning 11.9% which will...
by Susanne Novak | Feb 22, 2021 | Market Updates
In January, home sales increased by 10.4% while new listings declined by 9.1%. Are we facing a future with absolutely no inventory for sale? This chart shows how the inventory has dropped over the past 10 years. In January, the number of home sales surpassed active...
by Susanne Novak | Feb 1, 2021 | Seller Tips
In today’s hot sellers’ market, you may be tempted to cut out the Realtor and try “For Sale by Owner” (FSBO). For most homeowners this is a mistake. You will likely lose money, experience high levels of stress, elevate your blood pressure, grow lots...