Home Sales UP AGAIN!

October 2012 Home Sales Rise by 24.8% compared to October of 2011

Yesterday new numbers came out for the month of October and they continued to show an improving housing market in the Central Ohio area.  This up tick in sales, prices (both average and median) in conjunction with a significant decrease in the number of homes available for sale has led to a much lower supply compared to October of 2012.

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Central Ohio Market Wide Home Sales:

Closed Sales were UP 24.8%

Average Sales Price was UP 10%        ($163,764)

Median Sales Price was UP 10.8%      ($133,000)

Days on Market were DOWN 16.5%   (84 down from 101 Days on Market)

Months of Inventory 6 months — Perfectly Balanced Buyers/Sellers Market

 

Here’s a Look at Some Specific Areas and Market Changes there:

Worthington School District: 

Closed Sales were UP 51.9%

Average Sales Price was UP 4%        ($206,045)

Median Sales Price was UP 1.8%      ($195,000)

Days on Market were DOWN 8.8%   (65 down from 71 Days on Market)

Months of Inventory DOWN 46.2%   (3.8 down from 7.1 months in Oct 2011)

 

Westerville School District: 

Closed Sales were UP 34.5%

Average Sales Price DOWN 0.4%     ($176,370)

Median Sales Price DOWN 0.2%      ($148,000)

Days on Market were DOWN 28.7%   (69 down from 96 Days on Market)

Months of Inventory DOWN 38.9%   (4.4 down from 7.2 months in Oct 2011)

 

Olentangy School District (Powell and Lewis Center)

Closed Sales were UP 58.9%

Average Sales Price DOWN 15.4%     ($275,138)

Median Sales Price DOWN 11.8%      (254,000)

Days on Market were DOWN 27.2%   (79 down from 109 Days on Market)

Months of Inventory DOWN 52%   (4.5 down from 9.5 months in Oct 2011)

 

Dublin Schools

Closed Sales were UP 47.4%

Average Sales Price was UP 7.6%        ($277,702)

Median Sales Price was UP 10.1%      ($247,625)

Days on Market were DOWN 22.7%   (89 down from 115 Days on Market)

Months of Inventory DOWN 50.5%   (4.5 down from 9.0 months in Oct 2011)

 

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