It may be the Holiday Season, typically the “slow season” for housing, but the real estate market remains strong in Central Ohio.
November’s market numbers just came in, so lets dig into the data.
Central OH Homes For Sale/Sold/Listed/Pending
Homes For Sale in November 2016: 4272 units.
- Down 8.8% compared to the last month
- Down 23.4% compared to the last year
Homes Listed in November 2016: 2015 units.
- Down 22.3% compared to the last month
- Up 5.4% compared to the last year
Homes Closed in November 2016: 1998 units.
- Down 17.5% compared to the last month
- Up 12.8% compared to the last year
Homes Placed under Contract in November 2016: 2486 units.
- Down 1.2% compared to the last month
- Up 32.9% compared to the last year
Average Price Per Square Foot For Central OH Sold Homes
November 2016 Average Sold Price per Square Footage is Depreciating*
Average Sold Price per Square Footage in November 2016: $107
- Down 0.9% compared to the last month
- Up 5.9% compared to the last year
*Based on 6 month trend – Appreciating/Depreciating/Neutral
Days On Market In Central OH
November 2016 Average Days On Market Trend Is Rising*
Average Days on Market in November 2016: 50
- Up 8.7% compared to the last month
- Down 21.9% compared to the last year
November 2016 Sold/Original List Price Ratio is Falling*
Sold/Original List Price % in November 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
Nov 2016 Median Sold Price is Neutral* in Central OH
Average Median Sold Price in November 2016: $180
- Up 3.4% compared to the last month
- Up 13.9% compared to the last year
November 2016 Average For Sale Price is Depreciating*
Average For Sale Price (in thousand) in November 2016: $314
- Down 0.6% compared to the last month
- Up 18.5% compared to the last year
November 2016 Average Sold Price is Depreciating*
Average Sold Price (in thousand) in November 2016: $207
- Down 0.5% compared to the last month
- Up 8.9% compared to the last year
*Based on 6 month trend – Appreciating/Depreciating/Neutral
Months Of Inventory In Nov 2016
It’s A Seller’s Market* in Central OH
Months of Inventory based on Closed Sales in November 2016: 2.1
- Up 10.3% compared to the last month
- Down 31.8% compared to the last year
*Seller’s market: less than 3 months of inventory based on closed sales
Have Questions? I Can Help!
If you have questions about this report or the Central OH real estate market in general, contact me, Realtor Rita Boswell, at (614) 547-3229. I am always happy to talk real estate!
Stay In-The-Know in Columbus
Whether you’re thinking about buying or selling a home in the near future, it is valuable to understand your local real estate market conditions.
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