The numbers on the graphs and the table below are for Franklin and Delaware Counties. The properties represented are single family and condominium homes in the two counties for the past 15 months, through the end of August 2007.
The light green bars are homes for sale. The dark green bars are sold properties. The red line represents "pending" (under contract) sales.
It is still a buyers market in Central Ohio with 8.5 months of inventory available at the end of August 2007.
Inventory is up sales are down. Pirces are relatively stable.
Average list price at the end of August 2007 was $224,000 vs. $227,000 this time last year.
Average sale price at the end of August 2008 was $187,000 vs. $190,000 this time last year.
Median price is up from $151,000 in August 2006 to $155,000 at the end of August 2007.
|Months of Inventory based on Closed Sales||6.7||8.8||7.5||9.2||9.9||10.3||9.4||11.2||10.6||9.3||9.2||7.8||7.6||8.3||8.5|
|Months of Inventory based on Pended Sales||7.4||8.4||8.1||9.7||10.2||10.6||10.3||9.2||9.8||8.2||7.8||7.2||8.3||8.1||10.5|
|Avg. Active Price||231||229||227||227||225||220||216||218||221||222||226||229||226||225||224|
|Avg. Sld Price||202||200||190||185||179||178||185||177||173||178||180||180||195||189||187|
|Avg. Sq. Ft. Price||113||113||110||107||105||103||104||102||102||104||104||105||110||108||107|
|Sold/List Diff. %||97||97||97||96||97||96||96||96||96||96||97||97||97||97||97|
|Days on Market||89||94||91||96||102||106||113||117||118||116||107||108||108||97||102|
More graphs related to the table above:
Price per square foot was $110 at the end of August 2006 and was $107 at the end of last month. The bars on the graph above correspond to the fourth row from the bottom on the table, 'Avg. Sq. Ft. Price.'
The bars in the last graph relates to the second row from the bottom on the table, 'Days on Market'. The line relates to the third row from the bottom on the table, 'Sold/List Diff. %'
For more detailed information by county please visit ColumbusBestBlog.com
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The graphs and table of Central Ohio real estate sales and inventory are from Trendgraphix. Real Living is Central Ohio's only subscriber to TrendGraphix. The data is from the Columbus Board of REALTORS® MLS. The Columbus Board of REALTORS® covers more counties. I don't. I work primarily in the northern half of Franklin County and the southern half of Delaware County.
This post provided by Maureen McCabe HER Realtors*
Contact Maureen McCabe of HER Realtors* - 614.388.8249
email: MaureenatMaureenMcCabe.com at = @
*Real Living HER
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.