According to a recent article from the Columbus Board of Realtors, “Buyers are pouncing on any and all inventory available that is priced correctly,” said 2017 Columbus REALTORS® President Mic Gordon. “The Central Ohio housing market continues to be hotter and stronger than ever!”
The Columbus Board of Realtors serves all of Central Ohio, including Delaware County.
Here’s what they have to share: “Homes spent an average of 32 days on the market during the month of October, which is three days more than September and five days fewer than October 2016.”
We typically think of the late fall through early spring period as being a slower time, but because inventory is so low compared to demand, numbers are staying strong in our area for sellers.
“Even though there were more listings added to the market in October, inventory remains extremely low,” Gordon said. “The best time to put your home on the market is now, especially since buyers are more eager than ever for inventory.”
Here are the numbers: Sales prices are up 7.9% since October 2016. The average sales price of home during the month of October in Central Ohio was $215,296. From January through October 2017, October’s average sales prices are the highest on record.
“With sales prices being what they are, I hope that potential sellers realize what a tremendous time it is to list their home and take advantage of this strong seller’s market,” Gordon said.
Here’s more from the Columbus Board of Realtors: “According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 90 percent of central Ohio REALTORS® expect prices to rise over the next year, while 8 percent expect prices to level.”
It’s a seller’s market in Central Ohio, even in this season. Give us a call if you’d like to talk about the value of your home in this market.
Quoted content and stats are from the Columbus Board of Realtors and are Copyright © 2017 Columbus REALTORS®, All rights reserved.
