Westerville, Ohio - Home Sales Statistics

Well, with all that has been in the news of late about home prices, mortgage lending issues, etc. I thought I would provide some recent, detailed statistics for a specific area during a finite time period.

Below please see statistics for the entire Westerville School District from 7/1/07 through 8/21/07. Note this is not specific to Westerville proper but includes all areas making up the district. This data also includes condos as well as single family homes. This data details only properties which are listed through The Columbus Board of Realtors.

Homes currently for sale:

Under $100,000 - 47
$100,000-200,000 - 366
$200,000-300,000 - 230
$300,000-500,000 - 145
$500,000 and over - 41

Homes currently under contract:

Under $100,000 - 14
$100,000-200,000 - 75
$200,000-300,000 - 56
$300,000-500,000 - 14
$500,000 and over - 3

Homes Sold from 7/1/07 through 8/21/07:

Under $100,000 - 19
$100,000-200,000 - 91
$200,000-300,000 - 26
$300,000-500,000 - 26
$500,000 and over - 3

So what does all of this mean?

There is lots of inventory on the market in these areas. With so much to chose from this is a great time to be a Buyer!
165 Homes sold in a 45 day period. Homes are definitely selling, with pricing and proper staging being more important than ever.
162 more are in contract (not all of these will close).
The heart of the market in this area is in the $100,000-300,000 range.

The bottom line here, is things are not as bad as the media may make them seem. True, it may be harder to get a loan today if your work and credit history is spotty. For those of you with good credit and job history, however, this is a great time to Buy!

If you have questions about these statistics or would like a more detailed overview of a specific area in Central Ohio, please let us know. We would be happy to serve as a resource for you.