by Susanne Novak | Feb 15, 2021 | Buyer Tips, Neighborhoods
Commercial real estate was somewhat depressed due to the pandemic. Residential construction on the other hand has been booming. We saw a 27% increase in single and multi-family construction in 2020 over the previous year. That’s the most activity since 2010. New...
by Susanne Novak | Feb 8, 2021 | Buyer Tips, Trends
The inventory of homes for sale has dropped by 47.3% in January as compared to a year ago. However, demand for housing has never been higher. My newest listing had 50 showings in 3 days. And more buyers scheduled to see the house yesterday. You are probably wondering...
by Susanne Novak | Jan 11, 2021 | Buyer Tips
As of this morning, only 1,854 homes were listed for sale on the Columbus MLS. That’s 46% less than a year ago. To say that the housing market is competitive is an understatement. New construction is a great choice in today’s hyper-low inventory market....
by Susanne Novak | Aug 31, 2020 | Buyer Tips, Covid
Last Sunday, I visited an Epcon Model Home with one of my clients. When we were finished with the “dog-and-pony” show the sales rep said: “Don’t wait too long. Our base price will go up by $10,000 tomorrow.” That’s not the first...
by Susanne Novak | Jun 15, 2020 | Buyer Tips, Covid
New residential construction is booming in Central Ohio, despite of the pandemic. According to the Census Bureau, 16.4% more single family building permits were issued since the beginning of the year than the same period last year. This chart shows the numbers for...
