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.
Table of Contents
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 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
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
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
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
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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