REAL ESTATE BUZZ!

SO HOW IS THE REAL ESTATE MARKET  DOING? You ask...

Central Ohio real estate inventory is back to pre-boom levels!! (July 19, 2012) Inventory levels in central Ohio have been declining over the past year and now stand at just over 12,000 - almost 33 percent less than one year ago and 40 percent less than July 2007, the highest month on record according to the Columbus Board of REALTORS®. Total residential inventory in central Ohio is 12,053, the lowest since 2003.\

The significant increase in homes for sale and lack of same for buyers transformed central Ohio into a buyers’ market. But with the steady decrease in inventory over the last two years, and increased  buyer interest, we’re back to more a more balanced market!

Home sales last month were up 18.1 percent - 2,429 in June 2012 versus 2,056 in June 2011. Sales for the first half of the year were up 10.2 % from homes sold January through June of 2011.

The median sale price of a home sold in June 2012 was $155,250 which is 15.0 percent higher than homes sold during the same month last year and homes are also selling 4-5 days more quickly this year.

All good news on the Home Front!! For more detailed information or for a personalized home search Dial Darla Today! 614-395-1516 For all your real estate needs! KW Capital Partners