
Columbus and Central Ohio Multiple Listing Service announced its November 2008 numbers on Monday and they continued to slump.
The sold listings were off by more-than 26% while the average sales price was down by 16%.
Of all the numbers, one of the most interesting is that the days on market has fallen by 18% - or 21 days - compared to November last year.
Year-to-date, the numbers continue to be off our pace from 2007. However, they are not nearly as extreme as Novembers. Average sales price is down less than 5% while the number of sold listings is down by just over 13%.
Why the sharp drop in November?
What does that mean for the future?
Well, in December I think the numbers will continue to be sharply off compared to 2007. But, the current interest rates appear to be creating an up-tick in the market. If, and a big if, buyer confidence begins to return then we could see a bounce back in the first quarter of 2009.
DELAWARE, Ohio - Delaware County Board of REALTORS® will take part in the regional REALTOR® Care Day on Thursday June 5 from 10 a.m. until 4 p.m.
Board members and affiliates will work throughout the day cleaning and taking care of Delaware's trails beginning downtown at the intersection of the trail and Henry Street.
The DCBR will be among 18 area real estate associations taking part in the fourth-annual REALTOR® Care Day. The Day began with the Columbus Board of REALTORS® and is a single-day to celebrate all that REALTORS® and affiliates give back to their communities throughout the remainder of the year.
For more information on the DCBR or REALTOR® Care Day contact Toby Boyce, DCBR board liaison, at 740-990-9748 or toby@tobysellshomes.com.
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