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Market Update: Home Prices Spike, Inventory Plummets, Sales Jump Higher than in 2019

Market Update: Home Prices Spike, Inventory Plummets, Sales Jump Higher than in 2019

by Susanne Novak | Nov 23, 2020 | Covid, Market Updates

Sales of existing homes saw a spectacular gain despite of plummeting inventories and rapidly rising prices. ​Nationwide, October sales increased year-over-year by 26.6%. How the Columbus Housing Market Compares Home sales are on track to surpass 2019 by at least 3%....
How Quickly Do Homes Really Sell in Your Price Range?

How Quickly Do Homes Really Sell in Your Price Range?

by Susanne Novak | Aug 3, 2020 | Seller Tips

The housing market has recovered from the lockdowns. This year is even more competitive than 2019 with extremely low inventories and many homes selling for more than list price. Today I want to explain how fast homes really sell and take a closer look at Days On...
Market Update: June 2020 Housing Stats Break All-Time Records

Market Update: June 2020 Housing Stats Break All-Time Records

by Susanne Novak | Jul 27, 2020 | Market Updates

June 2020 was a month of all-time records. The housing market rebounded from the pandemic. We are trying to satisfy the pent-up demand of buyers who could not purchase in spring due to the lock down. Showing requests are 10% higher than last year, while new listings...
Don’t Confuse Days on Market with How Long it Takes to Sell Your Home

Don’t Confuse Days on Market with How Long it Takes to Sell Your Home

by Susanne Novak | Nov 4, 2019 | Seller Tips

The housing market has changed over the summer. You may be wondering if we are still in a seller’s market? That depends on the value of your property. Last week I explained how 50% of all homes sell between $100,000 and $250,000. Only 5% of buyers can afford luxury...
Market Update: Avg Sales Price Shattering the $250K Glass Ceiling

Market Update: Avg Sales Price Shattering the $250K Glass Ceiling

by Susanne Novak | Jun 24, 2019 | Market Updates

Last week I received a voice message from an angry homeowner. He accused me of FAKE NEWS after he received my postcard saying that the median sales price skyrocketed by 12.4%. Sorry, pal. It’s true. Columbus Realtors housing stats show that the median has...
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