2016 is in the rear view mirror, and the data is in for December. Let’s dig into the numbers, and see how the year finished.

Central OH Homes For Sale/Sold/Listed/Pending

Homes For Sale in December 2016: 3734 units.

  • Down 12.6% compared to the last month
  • Down 23.6% compared to the last year

Homes Closed in December 2016: 1995 units.

  • Down 5.2% compared to the last month
  • Down 4.8% compared to the last year

Homes Placed under Contract in December 2016: 1928 units.

  • Down 12% compared to the last month
  • Up 23.9% compared to the last year
Central OH Real Estate Market Update Dec 2016 For Sale Sold Pending New Listing Bar Chart
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Central OH Real Estate Market Update Dec 2016 For Sale, Sold Pending

Central OH Real Estate Market Update Dec 2016 All Data Chart

Central Ohio Average Price Per Square Foot

December 2016 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in December 2016: $108

  • Up 1.9% compared to the last month
  • Up 8% compared to the last year
*Based on 6 month trend – Appreciating/Depreciating/Neutral
Central OH Real Estate Market Update Dec 2016 Avg PPSF
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Central OH Real Estate Market Update Dec 2016 Avg Price Per Square Foot

Average Days On Market In Central OH

December 2016 Average Days on Market trend is Rising*

Average Days on Market in December 2016: 38

  • 0% compared to the last month
  • Down 26.9% compared to the last year

December 2016 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in December 2016: 96%

  • 0% compared to the last month
  • Up 1.1% compared to the last year
*Based on 6 month trend – Rising/Falling/Remains Steady
Central OH Real Estate Update Dec 2016 Average Days On Market
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Central OH Real Estate Market Update Dec 2016 Avg DOM Chart

Average For Sale/Sold Prices and Median Price

December 2016 Median Sold Price is Depreciating*

Average Median Sold Price in December 2016: $170

  • Down 4.5% compared to the last month
  • Up 6.3% compared to the last year

December 2016 Average For Sale Price is Depreciating*

Average For Sale Price (in thousand) in December 2016: $311

  • Down 1% compared to the last month
  • Up 19.6% compared to the last year

December 2016 Average Sold Price is Depreciating*

Average Sold Price (in thousand) in December 2016: $205

  • Down 0.5% compared to the last month
  • Up 7.9% compared to the last year
*Based on 6 month trend – Appreciating/Depreciating/Neutral
Central OH Real Estate Market Update Dec 2016 Median Sale vs Sold Price Bar Chart
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Central OH Real Estate Market Update Dec 2016 Median Price Chart

Months Of Inventory In Central Ohio

December 2016 is a Seller’s market*

Months of Inventory based on Closed Sales in December 2016: 1.9

  • Down 4.9% compared to the last month
  • Down 17.1% compared to the last year
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales
Central OH Real Estate Market Update Dec 2016 Months Of Inventory
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Central OH Real Estate Market Update Dec 2016 MOI

Have A Question? Just Ask.

If you have questions about this report, or the overall Central OH real estate market, contact me, REALTOR® Rita Boswell, at (614) 547-3229. I always enjoy talking about real estate!

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