December 2012 and Year End Stats 2012 … Awesome Year!

The real estate market in Central Ohio is showing some strong signs of coming back from the dismal years of “great recession”. The Columbus area market saw almost 23,000 (22,915) sales of single family homes and condos along with an average sales price of $167,459 for the year ($158,898 for December 2012). This average sales price represents a 7.2% increase in the average sales price compared to 2011.

The biggest change for the year of 2012 compared to 2011 was the drop in inventory (the number of homes for sale). The inventory is now below 10,000 which is the lowest point in a decade (9,252 homes for sale). This number represents a drop of 18.8 percent compared to December of 2011.

 

Here’s a Look at Some Specific Areas and Market Changes there: (% changes are year 2012 compared to 2011)

Worthington School District Homes and Condos sold in 2012: 

Closed Sales were UP 25.8%

Average Sales Price was DOWN 2%        ($201,166)

Median Sales Price was UP 4.4%      ($187,900)

Days on Market were DOWN 18.5%   (74 down from 90 Days on Market)

Months of Inventory  2.6 months

 

Search Homes For Sale in Worthington  |  Search Condos for Sale in Worthington

 

Westerville School District Homes and Condos sold in 2012

Closed Sales were UP 20.4%

Average Sales Price UP 3.5%     ($185,129)

Median Sales Price UP 3.7%      ($167,000)

Days on Market were DOWN 13.3%   (81 down from 93 Days on Market)

Months of Inventory 3.5 months

 

Westerville Homes for Sale  |  Westerville Condos for Sale

 

Olentangy School District (Powell and Lewis Center) Homes and Condos sold in 2012:

Closed Sales were UP 32.2%

Average Sales Price DOWN 0.4%     ($295,813)

Median Sales Price UP 1.5%      (272,064)

Days on Market were Down 8.7%   (94 down from 103 Days on Market)

Months of Inventory 3.3 months

 

Powell Homes for Sale  |  Powell Condos for Sale          …..        Lewis Center Homes for Sale  |  Lewis Center Condos for Sale

 

Dublin Schools Homes and Condos sold in 2012:

Closed Sales were UP 35.6%

Average Sales Price was DOWN 1.7%        ($283,557)

Median Sales Price was UP 0.8%      ($245,000)

Days on Market were DOWN 21.6%   (80 down from 103 Days on Market)

Months of Inventory 3.3 months

 Dublin Homes for Sale  | Dublin Condos for Sale

 

Please use the link below to view additional cities or school districts not highlighted here or contact Troy or Grant directly for a  free market analysis.

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