Columbus and Central Ohio October 2012 Homes Sales Report

Posted November 23, 2012

In Columbus, Ohio, real estate, Residential

Columbus and Central Ohio October home sales were up for the tenth consecutive month with sales of 1,990 up 24.8 percent from October 2011 according to the Columbus Board of Realtors.

Average price was $163,764, which is a 10percent increase from last October.

New listings were up 12.1 percent, putting the current unsold inventory at 10,928. That’s 5 1/2 months of unsold inventory and anything under six is considered a sellers’ market

“2012 has been the best year in real estate in central Ohio since 2007,” said Coridan. “Just because their home didn’t sell in the summer doesn’t mean buyers aren’t still out there; homeowners have recognized the advantages of selling in the fall.”

“52 percent of the local REALTORS® surveyed said that concerns about the economy were keeping homeowners, who want to sell their homes, from putting them on the market,” added Coridan. “47 percent reported the home was underwater, 27 percent said they were waiting until after the presidential election, and 57 percent were waiting to sell their home for a higher price.”

http://www.10kresearch.com/sortable/Columbus-OH/2012-10/Entire-MLS.pdf

http://www.10kresearch.com/sortable/Columbus-OH/2012-10/main.htm

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