Columbus Ohio housing market had a drop in listings and elevated sales during the second half of 2011 brought the year-end months’ supply down to 6.6, more in keeping with levels seen during 2005. During the last few years, the months’ supply has regularly been in the double digits and was as high as 12.5 in November 2008.
Homes spent an average of 100 days on the market during 2011, a reduction of four days from the average time to sell a home in 2010.
Did you know - School districts experiencing the highest home sales in 2011 included Columbus, South-Western (Grove City), Olentangy, Hilliard, Westerville, Dublin, Worthington, Groveport Madison and New Albany.
Open up this link for the full housing report, http://www.columbusrealtors.com/NewsDetail.aspx?article=44269568
PDS Real Estate provides listing and buyer representation services, call us at 614-527-7724 or email Susan Buhr.
Ohio housing market stats - The economic downturn really shook the foundation of the Ohio housing marketplace, yet the state REALTORS remain optimistic and hopeful of improving conditions as we forward. Sales in third quarter 2011 increased 18.8 percent reaching 28,322 sales compare the 23,856 posted during the period a year ago.
During the first nine months of 2011 sales reached 74,871 a 3.4 percent decrease from the 77,471 sales posted during the same period a year age. The average sales price (January through September) this year 2011 is $129,865, a 3 percent decrease from the $133,819 mark set during the period a year ago.
PDS Real Estate provides real estate services for home seller’s and home buyer’s for Central and Columbus Ohio. We can be reached at 614-527-7724 or susan@pds-realestate.com. Visit our web site at www.pds-realestate.com our site provides full access, to all consumers, of the local MLS.
Buying a house is a big decision, but don't let scary headlines deter you. There are great deals to be had in today's market.
What do first-time buyers really need to know about today's market? Here are some things to consider.
· Interest rates are at historic lows, with 30-year fixed rates between 4 and 5 percent! This is incredible. Imagine the difference between an interest rate of 4 percent and one at 13 percent. For a $100,000 with 3.5 percent down, you'll find a payment near $568 a month. For the exact same home at 13 percent you'll see a monthly payment of just over $1,000.
· Home prices fell after the bubble burst, leaving affordability rates at generational highs. This means there are great deals to be had. In addition, there are a large number of foreclosure and short sale properties available, sometimes at even more savings.
· There are reasons to buy other than just making a sound financial investment. If you plan on remaining in your home for many years to come, then now is a good time to buy regardless of pricing fluctuations. The social benefits still remain strong and your home will be an investment over the long-term.
· Hiring a knowledgeable real estate professional can be an excellent first step on your way to finding the right home for you. They can help answer all of your questions about the process. There's no reason to go into this process blindly. Let them guide you.
PDS Real Estate is a brokerage that services Franklin, Delaware, Union, Madison and Fairfield counties. Contact at us 614-527-7724 or by email susan@pds-realestate.com
Visit our web site www.pds-realestate.com
Columbus Ohio offers its residents a high quality of life, affordable housing, strong employment , excellent schools, parks more..
http://www.columbusrealtors.com/NewsDetail.aspx?article=26738688
PDS Real Estate is a brokerage that services Franklin, Delaware, Union, Madison and Fairfield counties. Contact at us 614-527-7724 or by email susan@pds-realestate.com.
Visit our web site www.pds-realestate.com
I love to post about positive home sales. Surrounding metro areas (Hilliard, Powell, Worthington, Bexley) of Columbus Ohio, housing market saw an increase of home sales of 23% compared to last year and home prices have stabilized and are on the increase more...
http://www.columbusrealtors.com/NewsDetail.aspx?article=28180480
PDS Real Estate is a brokerage that services Franklin, Delaware, Union, Madison and Fairfield counties. Contact at us 614-527-7724 or by email susan@pds-realestate.com
As the Broker for PDS, Susan provides a high professional service level for both Sellers and Buyers. Active member of the Columbus Board of Realtors and Independent Broker Association.
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