Columbus Home Sales - All Central Ohio Counites that are the Columbus Board of REALTORS® mls ( mls is multiple listing service)
The official news from the Columbus Board of REALTORS® as shared with the members is headlined:
"Home sales rise over ten percent in September!"
The email from the board of REALTORS® to members says:
"This is the first year over year increase in over two years
Home sales increased over ten percent in September compared with last year. The 2,012 homes sold was 10.3 percent higher than September of last year and marks the first year over year increase in sales central Ohio has seen in over two years.
“Not only did home sales last month increase for the first time since July of 2007, that’s the highest number of sales we’ve seen in September since 2006.” said Gary Parsons, president of the Columbus Board of REALTORS®.
The average sale price last month was $160,094 which was just 0.4 percent lower than one year ago.
Columbus home prices - All Central Ohio Counites that are the Columbus Board of REALTORS® mls ( mls is multiple listing service)
The president of the Columbus Board of REALTORS® gives the official word on average home price in our market.
“As inventory decreases, home prices continue to inch back up,” adds Parsons. “But with an average home price of $157,000, central Ohio continues to be a very affordable and attractive market for home buyers.”
Columbus homes for sale - inventory level All Central Ohio Counites that are the Columbus Board of REALTORS® mls combined ( mls is multiple listing service)
The email to members and what is posted on the Columbus Board of REALTORS
One year ago, the month’s supply was 9.10. But with the increase in sales and drop in inventory, the month’s supply is now down to 7.06. This number means that if no new homes were added to the market, it would take slightly more than seven months to sell all remaining inventory. A market is typically considered balanced with around a 6.5 to 7 month supply."
The media was provided a press release today Friday October 23, 2009. That used to be my pet peeve. I would hear the months results on the radio or in the newspaper rather than directly from the board which I am a member of. That changed a couple of years ago.
How does the September results... the official number compare with the information available about 10 days ago from Real Living HER via TrendGraphix?
It does not exactly match the information that was available to Real Living HER via Trendgraphix about 10 days ago. Audited vs. Unaudited? I have always wondered why the market information varies. Do they add back in sales that are reported late? Are there mistakes in the early data that are ferreted out?
Columbus home sales - September 2009 - "ALL COUNTIES COMBINED (Columbus Board)" according to TrendGraphix / Real Living HER
14406 homes for sale
1959 homes sold in September 2009
7.4 months of inventory based on sales
Average active price $232,000
Average sale price $160,000
3.7% less homes for sale than a year ago.
-22.1% less months of inventory (based on closed Sales) in comparison to September 2008
3.7% increase in sales in September 2009 over September 2008
Average sale price $160,000
3.7% increase in sales vs. the 10% increase in sales that's reported by the Columus Board of REALTORS® to the public.
The Columbus Board of REALTORS® covers lots more ground than I do. I work primarily in northern Franklin County and Southern Delaware County, Maureen McCabe.
Trendgraphix uses single family and condominium sales combined. The graphs are based on data available at the end of September 2009. The graph was created with data from the Columbus Board of REALTORS® and Trendgraphix. Only Real Living HER agents are authorized to use Trendgraphix in Central Ohio.
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This post provided by Maureen McCabe of Real Living HER
Contact 614.388.8249
Website: MaureenMcCabe.com
email: MaureenatMaureenMcCabe.com @
Information is deemed to be accurate but should be verified to your satisfaction. Information provided herein is supplied by several sources and is subject to change without notice. Opinions expressed are solely those of Maureen McCabe.
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