November 2012 Real Estate Review

Central Ohio Housing Report for October 2012

11/19/2012

Columbus Board of REALTORS®

Fall home sales show no signs of slowing down


Ohio homes sales in October were up for the tenth consecutive month. There were 1,964 residential sales during the month of October, a 23.2 percent increase from the 1,594 home sales in October 2011, according to the Columbus Board of REALTORS®.

Homes closed during the month of October sold for an average of $163,925, 10.1 percent higher than just one year ago.

“Even though the inventory isn’t as high as mid-summer, you have more serious buyers and sellers,” said Jim Coridan, President of the Columbus Board of REALTORS®. “Many buyers who had planned to buy before the fall are still out there looking for their dream home.”

The number of new listings on the market is up 12 percent (2,764) from last year and actually increased by 1 percent from the previous month. Total inventory of homes (10,717) stands at 31.5 percent less than 2011.

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