Morrow County Home Sales Update September 2011

Morrow County Home Sales Update September 2011

More good news for the Morrow County real estate market based on the numbers reported this week by the Columbus Board of Realtors. All Morrow County real estate offices and agents belong to the CBR and, as a result, our sales statistics are entered into their data base on a daily basis.

Columbus Board of Realtors compared September, 2011 to the same period last year (September, 2010) and report the following statistics;

• Sept 2011 had 20 closed sales as compared to 16 closed for the same period last year.
• Sept 2011 showed average sale price of over $130,000 compared to $67,000 last year.
• Percent of original list price received of 91% compared to 83% last year.
• Days On Market were a little longer at 88 days compared to 62 last year.

Morrow County Home Sales Report for September 2011

Although our Year To Date numbers are still down compared to YTD last year, the last two months have seen a substantial upswing in sales activity and sale prices. This is good news for the Morrow County home seller and our local economy in general.

Local lenders are still offering very competitive 30 year fixed rate mortgages around the 4-5% interest rate range and if you've given any thought to buying a home, now is definately the time.

If you've been thinking of selling, give me a call and we can talk about how today's local real estate market will affect you