Monday, October 29, 2012

Area home sales up 11.4% over 2011, hinting at end to buyers’ advantage


By Jim Weiker, The Columbus Dispatch

For seven years, real-estate experts have described central Ohio as a buyers’ market.  Yesterday, that may have officially changed.

For the first time since August 2005, there is less than a six-month supply of homes for sale in central Ohio.

“When months of supply gets below six months, we have a sellers’ market, and in that market, we expect prices to climb more steadily, with stronger appreciation the shorter the supply gets,” said Jim Coridan, president of the Columbus Board of Realtors.

Read more here...