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 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, REALTORĀ® Rita Boswell, atĀ (614) 547-3229. I always enjoy talking about real estate!
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