May Central Ohio Home Sales
With the April 30th conclusion of the First Time Home Buyer’s Tax Credit, one may have thought that the real estate market would slow down, but that is not the case. Sellers and Buyers continued to work together and kept the Columbus market growing at a consistent rate. May home sales beat out April’s numbers by almost 15% and overall for the year we are seeing a 24% change over the same period last year. Along with the increase in sales, we see an increase in sales prices as the supply of homes coming onto the market declines slightly. A standard example of supply and demand. And the demand is certainly still there as interest rates continue to stay low. That is very encouraging for new home buyers. Columbus continues to stay a strong market and buying a home is still a wise investment. To learn more about how you can make the most of buying or selling your home in today’s market just call The Parrish Team! We’re here to help!
Call Chip and Sue today for more info - 614 - 324 - 5000.
Central Ohio Residential Home Sales
| Monthly | May 2010 | April 2010 | % Change |
|---|---|---|---|
| Number of Sold Listings | 2,401 | 2,093 | 14.7% |
| In Contract | 1,487 | 2,033 | -26.9% |
| New Listings | 3,368 | 4,713 | -28.8% |
| Total
Residential Listings |
15,282 | 15,548 | -1.7% |
| Average List Price | $173,037 | $164,945 | 4.9% |
| Average Sales Price | $166,156 | $158,600 | 4.8% |
| Total
Dollar Volume |
$398,940,556 | $331,949,800 | 20.2% |
| Days on Market | 86 |
82 | -4.9% |
