Central Ohio sales strong, inventory incredible, gains continue after tax credit rush...
June home closings in central Ohio continued to improve over last year, increasing by more than 10 percent to 2,315 according to the Columbus Board of REALTORS®. Not only that but the number of days homes spend on the market and month’s supply are both down which is a good sign!
Despite that, the number of homes in contract slumped to 1,309, a 19 percent decline over this time last year. It’s not surprising that in the wake of the home buyer tax credits, June graduations, weddings and vacations prospective home sales may slip, What is truly revealing is the other indicators that show continued growth of central Ohio’s market.
Days on market declined 12 percent and month’s supply, a measure of long term inventory, remains sustainable. The average home sale price rose three percent from last year and five percent from last month to $174,522. The listing inventory also shows promise, adding 1,194 homes, an eight percent increase over June of last year.
If you're in need of selling or buying a home I'd love the opportunity to earn your business! Dial Darla 614-395-1516 today for a free, no obligation chat or www.DarlaDoesRealEstate.com Let me help you figure out your future! It's a GREAT Market With The Right Agent!
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