Columbus and Central Ohio Home Sales – November 2011
Follow
Homes sales in Central Ohio were 1,406 for the month and that’s up almost 7% over November last year. Homes going into contract increased 37% last month over a year ago making November the seventh consecutive month of increases. There’s still significant fall out due to appraisal and lending issues.
Total sales YTD still lags 2010 by 1.1% when the Home Buyer Tax Credit was in effect for the first half of the year, but we’re catching up. Year over year increases over the last six months fuel hopes that the market will end up with a gain for the year.
Unsold inventory also fell to 12,675, which is down 27.5% from last year. Unsold inventory is down to 7.4 months with six months being the ideal balanced market.
The average price YTD was down slightly versus last year to $157,032 versus $161,274 for January through November last year, 2010. Average price was up 3.1% to $153,673 from $149,082 for October 2011.
Overall, the central Ohio market is recovering nicely.
More detail at the links below
Columbus Ohio – Local Market Update – November 2011 -Entire-MLS
