June Central Ohio Home Sales
June Central Ohio Home Sales
Continuing to ride the wave, June's home sales increased by 10% over last June, a trend that we have seen each month as the market continues to gain it’s momentum back. We do see fewer homes going into contract for the month of June, but at the same time, we see the days a home is spending on the market to stay low, and not waiver much. We can also look to the “month’s supply” number to indicate a strong market. A housing market is considered stable and healthy when the month’s supply is between 6.5 and 7.0. So what does that mean? It means, that if no new homes were to enter the market, it would take 6.5 to 7 months to sell all those homes. It’s supply and demand, working to produce a month’s supply of 6.95 for the month of June, keeping Columbus in a good position to stay a strong market. With a wide variety of homes on the market and many well priced and affordable, buyers are taking advantage of these numbers in combination with the lower interest rates while they still exist. Overall, the first half of 2010 has boasted a 20% growth spurt over the same period last year in the total number of sold listings and an increase of nearly 26% in total dollar volume. Columbus is certainly moving in the right direction! Are you?
Call Chip and Sue today for more info - 614 - 324 - 5000.
Central Ohio Residential Home Sales
| Monthly | June 2010 | May 2010 | % Change |
|---|---|---|---|
| Number of Sold Listings | 2,315 | 2,401 | -3.6% |
| In Contract | 1,309 | 1,487 | -12.0% |
| New Listings | 3,891 | 3,366 | 15.6% |
| Total
Residential Listings |
16,806 | 15,282 | 5.3% |
| Average List Price | $182,464 | $173,037 | 5.4% |
| Average Sales Price | $174,522 | $166,156 | 5.0% |
| Total
Dollar Volume |
$404,018,460 | $398,940,556 | 1.3% |
| Days on Market | 87 |
86 | 1.2% |