Year to date sales as of 8/21/13 of 15,988 homes are 24.2% ahead of last year's sale data! And, are the highest for any year to date sales since the Columbus Board of Realtors® has been collecting data.
July's 2,825 home sales made for a record month, coming in a close 3rd to August 2005's sales of 2,875 and June 2006's 2,872. WIth last month being 19% higher than last July's sales, it suggests that the high sales trend is continuing.
Our current median sales price for Central Ohio is $145,000, up 4.4% from a year ago.
In addition to sales, home prices are also on the rise. June's average sales price was $196,377, 6.6% higher than last year, and places June 2013 as the highest sales price month on record.
During the first six months of the year, 334 homes sold for $500,000+ which is 31% higher than the 255 that sold from January to June of 2012 – and 36.2% (121) of them sold in June alone.
The Columbus Board of Realtors is expecting to see gains across Central Ohio at approximately 3-6%, which should significantly help home owners and allow for more homes to be listed as sellers move out of a negative equity position. There seems to be pent up demand that low rates are the threat of rising rates has put more buyers into the market. The only concern that seems to be abound is the talk of rising rates slowing our housing market, but overall Central Ohio is having a very good year.
If you have questions about lending..
Call David Dikeman, Insight Bank
614-807-3891 Direct
Please tell him Amy referred you.
IF YOU HAVE QUESTIONS ABOUT SELLING YOUR HOME, BUYING OR BUILDING A NEW ONE, DON'T HESITATE TO CALL, TEXT OR EMAIL ME. 614-657-2005
My promise to my clients: I try to always remember what it is like to walk into this incredibly complex world of buying and selling with little or no knowledge of how the process works. I know that behind the door of your home and in your life there is much more going on than just your real estate transaction. I work with each person, not the house, and with the whole person, not just the issues surrounding the transaction. When I attempt to put myself in your shoes and contemplate what you are dealing with I am most effective.
The Benadum Team
Amy Bumpus
Straight Talk—Always
614-657-2005
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