Market Update for April 2012

April Home Sales Soar!

The numbers for Central Ohio Market came out this week and continued the upward trend we have seen all year. The home sales as a whole (January 2012 through April 2012) are up 6.6% over April of 2011 and the amazing numbers are the current number of in contract properties compared to April of 2011. According to the Columbus Board of Realtors the entire MLS currently has 3,068 properties in contract which is up 62.2% over April of 2011. The best part about teh news is that prices appear to be going up compared to one year ago in most areas (Powell +8.6%, Westerville +6%, Worthington CSD +0.9%, Dublin CSD – 10.7%, Olentangy Schools up 5.7%). The inventory levels are also much lower than they have been in recent years iwth the number of new listings dropping by 7% compared to April of 2011.

Overall the buyers seem to be ready to move on properties and well priced homes are moving quickly, more like the days of the real estate boom than the recent years of a “buyers market”. With invenotry in come areas as lowa s half of what it was just one year ago the market is set for our first positive appreciation year in the last few. The low interest rates along with rising rents have been large contributing factors to the decision of weary home buyers to finally enter the market.

To Search for Homes or Condos For Sale:

Central Ohio/Columbus – http://www.housecolumbusohio.com/home/services/Central_Ohio_Home_Search.html

Lewis Center – http://www.housecolumbusohio.com/home/resources/lewis-center/Lewis_Center_Homes.html

Dublin – http://www.housecolumbusohio.com/home/resources/dublin/Dublin_Home_Search.html

Worthington – http://www.housecolumbusohio.com/home/resources/worthington/Worthington_Homes.html

Powell – http://www.housecolumbusohio.com/home/resources/Powell_Homes_For_Sale.html

For more information and sortable statistics visit http://www.10kresearch.com/sortable/Columbus-OH/2012-04/2.htm

Last modified: 2012-05-25 @ 12:00 am