Central Ohio Real Estate Update: November 2018

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Housing Market Update

The holidays are here, yet inventory is still strong. 2,749 homes sold in October which was an increase of 149 homes from September. Additionally, homes put into contract increased by 3.7% over last month.

“A sale is listed as ‘in contract’ when the contract has been signed but the transaction has not closed,” said Sara Walsh, 2018 Columbus REALTORS® President. “In Contracts are a critical metric we use to predict future sales as those homes are usually finalized within one or two months of signing.”

The average sale price of homes sold last month was $225,519, a 4.7% increase from this time last year, and a 6.4% increase year-to-date.

“With the increase in inventory, recent data showed that 44.43 percent of home sellers reduced the price of their home to ensure a timely sale,” said Walsh. “Yet, sellers are still seeing healthy appreciation in the value of their home.”

There were 3,059 homes and condos added to the market last month which is 5.3% higher than this time last year. Last month, homes spent an average of 33 days on the market before going into contract.

“With the uptick in inventory, central Ohio buyers now have more options to choose from when selecting a home,” Walsh said. “Even though kids are back in school and the temperature has dropped, potential sellers need to know that buyer demand remains strong.”

So, if you are considering buying a home, now is a great time to be looking. Inventory is holding strong, and the buyer pool is lower; so, more choices and less competition!

For a detailed report on your neighborhood, contact The Alfriend Group today at (614) 395-1776 or email us at info@alfriendgroup.com.

 

321 thoughts on “Central Ohio Real Estate Update: November 2018”

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  160. Have you ever considered creating an ebook or guest authoring on other sites? I have a blog based upon on the same information you discuss and would really like to have you share some stories/information. I know my readers would enjoy your work. If you’re even remotely interested, feel free to send me an e mail.

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  163. With havin so much content do you ever run into any problems of plagorism or copyright infringement? My website has a lot of completely unique content I’ve either authored myself or outsourced but it seems a lot of it is popping it up all over the internet without my agreement. Do you know any ways to help protect against content from being ripped off? I’d certainly appreciate it.

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  166. In the awesome scheme of things you actually get an A for effort and hard work. Where exactly you actually confused us was in all the details. You know, as the maxim goes, details make or break the argument.. And it couldn’t be much more accurate at this point. Having said that, let me inform you just what did give good results. Your article (parts of it) is extremely convincing and that is most likely why I am taking an effort in order to opine. I do not make it a regular habit of doing that. 2nd, although I can see a leaps in logic you come up with, I am not sure of exactly how you appear to unite the points which inturn help to make your conclusion. For right now I will yield to your point however wish in the near future you connect the facts much better.

  168. In this great pattern of things you actually get a B+ with regard to effort. Exactly where you actually misplaced me was first on all the specifics. As people say, the devil is in the details… And it could not be much more correct in this article. Having said that, allow me tell you just what exactly did do the job. Your writing is certainly rather persuasive which is most likely why I am taking the effort in order to opine. I do not really make it a regular habit of doing that. Next, despite the fact that I can notice a jumps in reasoning you make, I am not necessarily certain of just how you seem to connect your details which produce the conclusion. For now I will, no doubt subscribe to your issue but trust in the future you actually link your facts better.

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  173. Thanks for your article. One other thing is that individual states have their own personal laws of which affect homeowners, which makes it quite hard for the the legislature to come up with a different set of rules concerning home foreclosure on property owners. The problem is that every state provides own guidelines which may work in an adverse manner on the subject of foreclosure insurance policies.

  174. I’m really impressed with your writing skills as well as with the layout on your blog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it?s rare to see a nice blog like this one nowadays..

  175. Thanks for the several tips contributed on this blog site. I have realized that many insurers offer clients generous special discounts if they favor to insure a few cars with them. A significant amount of households currently have several cars these days, specifically those with mature teenage young children still living at home, and also the savings with policies may soon increase. So it pays off to look for a bargain.

  176. One thing I’ve noticed is that often there are plenty of common myths regarding the banking companies intentions while talking about foreclosures. One delusion in particular is the fact that the bank needs to have your house. The financial institution wants your money, not your own home. They want the money they lent you together with interest. Keeping away from the bank will draw any foreclosed summary. Thanks for your posting.

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  180. I have observed that over the course of building a relationship with real estate homeowners, you’ll be able to get them to understand that, in most real estate exchange, a payment is paid. In the long run, FSBO sellers will not “save” the payment. Rather, they try to earn the commission simply by doing a strong agent’s occupation. In accomplishing this, they expend their money along with time to conduct, as best they might, the obligations of an realtor. Those responsibilities include getting known the home through marketing, representing the home to buyers, developing a sense of buyer urgency in order to trigger an offer, organizing home inspections, managing qualification check ups with the bank, supervising fixes, and facilitating the closing.

  181. I have witnessed that rates for internet degree authorities tend to be a fantastic value. Like a full 4-year college Degree in Communication in the University of Phoenix Online consists of 60 credits at $515/credit or $30,900. Also American Intercontinental University Online comes with a Bachelors of Business Administration with a whole program element of 180 units and a price of $30,560. Online studying has made getting your education been so detailed more than before because you can easily earn your degree in the comfort of your dwelling place and when you finish from office. Thanks for all your other tips I have certainly learned through your blog.

  182. I believe that a property foreclosure can have a significant effect on the client’s life. Mortgage foreclosures can have a 7 to 10 years negative effects on a client’s credit report. The borrower who’s applied for a home loan or just about any loans for that matter, knows that your worse credit rating will be, the more tough it is to have a decent bank loan. In addition, it may possibly affect a new borrower’s capacity to find a reasonable place to let or rent, if that turns into the alternative property solution. Interesting blog post.

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  184. Thanks for your article. It’s very unfortunate that over the last years, the travel industry has had to tackle terrorism, SARS, tsunamis, flu virus, swine flu, and also the first ever true global recession. Through it all the industry has really proven to be sturdy, resilient in addition to dynamic, locating new methods to deal with misfortune. There are often fresh problems and opportunity to which the market must once again adapt and answer.

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  188. I have learned several important things as a result of your post. I might also like to express that there may be a situation that you will get a loan and do not need a co-signer such as a Federal Student Support Loan. But when you are getting credit through a conventional financier then you need to be ready to have a co-signer ready to assist you to. The lenders will base their very own decision over a few issues but the biggest will be your credit ratings. There are some loan companies that will in addition look at your job history and make up your mind based on this but in many cases it will depend on your rating.

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  194. Another thing I have noticed is that often for many people, bad credit is the results of circumstances over and above their control. As an example they may be really saddled with illness so that they have excessive bills for collections. It can be due to a employment loss or inability to work. Sometimes divorce process can truly send the money in a downward direction. Thanks sharing your ideas on this weblog.

  195. Thanks for your posting. One other thing is the fact that individual states have their very own laws that affect people, which makes it quite hard for the our elected representatives to come up with the latest set of recommendations concerning property foreclosures on house owners. The problem is that every state provides own guidelines which may work in a damaging manner with regards to foreclosure insurance plans.

  196. I do agree with all of the ideas you’ve presented in your post. They are really convincing and will definitely work. Still, the posts are too short for starters. Could you please extend them a bit from next time? Thanks for the post.

  199. One more issue is that video games are normally serious naturally with the major focus on learning rather than enjoyment. Although, it has an entertainment factor to keep children engaged, each one game is often designed to work on a specific experience or curriculum, such as math concepts or technology. Thanks for your posting.

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  204. Something more important is that when searching for a good on-line electronics store, look for online stores that are continually updated, keeping up-to-date with the newest products, the best deals, as well as helpful information on product or service. This will ensure that you are handling a shop which stays on top of the competition and provides you what you ought to make intelligent, well-informed electronics expenditures. Thanks for the crucial tips I have learned through the blog.

  205. Hello there! I know this is kind of off topic but I was wondering which blog platform are you using for this website? I’m getting sick and tired of WordPress because I’ve had problems with hackers and I’m looking at alternatives for another platform. I would be awesome if you could point me in the direction of a good platform.

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  223. Hello there! I know this is kind of off topic but I was wondering if you knew where I could get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

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  241. Thanks for the new things you have exposed in your text. One thing I would like to discuss is that FSBO relationships are built after some time. By bringing out yourself to the owners the first saturday and sunday their FSBO is definitely announced, prior to the masses start calling on Friday, you develop a good connection. By giving them instruments, educational materials, free reviews, and forms, you become an ally. By subtracting a personal desire for them in addition to their scenario, you generate a solid interconnection that, oftentimes, pays off when the owners opt with an adviser they know along with trust – preferably you.

  243. Thanks for the thoughts you share through this blog. In addition, lots of young women that become pregnant tend not to even seek to get medical health insurance because they fear they probably would not qualify. Although a few states now require that insurers supply coverage despite the pre-existing conditions. Charges on most of these guaranteed programs are usually larger, but when considering the high cost of medical treatment it may be some sort of a safer way to go to protect your current financial potential.

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  252. I have observed that over the course of making a relationship with real estate homeowners, you’ll be able to come to understand that, in every real estate contract, a commission is paid. In the end, FSBO sellers really don’t “save” the percentage. Rather, they fight to earn the commission by doing a great agent’s occupation. In doing so, they expend their money and time to execute, as best they can, the jobs of an realtor. Those jobs include revealing the home by marketing, introducing the home to prospective buyers, making a sense of buyer urgency in order to make prompt an offer, organizing home inspections, dealing with qualification inspections with the loan company, supervising fixes, and aiding the closing of the deal.

  253. I’m in awe of the author’s capability to make complex concepts understandable to readers of all backgrounds. This article is a testament to her expertise and passion to providing helpful insights. Thank you, author, for creating such an engaging and illuminating piece. It has been an unforgettable experience to read!

  254. Hello there! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in trading links or maybe guest authoring a blog post or vice-versa? My site goes over a lot of the same topics as yours and I feel we could greatly benefit from each other. If you are interested feel free to send me an email. I look forward to hearing from you! Great blog by the way!

  255. One more thing I would like to say is that in place of trying to suit all your online degree lessons on days of the week that you finish work (since the majority of people are tired when they go back home), try to arrange most of your instructional classes on the saturdays and sundays and only a few courses in weekdays, even if it means taking some time away from your weekend. This is beneficial because on the weekends, you will be extra rested plus concentrated in school work. Many thanks for the different suggestions I have mastered from your blog.

  258. I will also like to say that most of those who find themselves without the need of health insurance are normally students, self-employed and people who are jobless. More than half from the uninsured are really under the age of Thirty five. They do not think they are wanting health insurance simply because they’re young and also healthy. Their particular income is frequently spent on homes, food, in addition to entertainment. A lot of people that do go to work either full or as a hobby are not made available insurance through their jobs so they move without as a result of rising expense of health insurance in the United States. Thanks for the thoughts you reveal through this web site.

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  264. The very root of your writing whilst appearing agreeable in the beginning, did not settle perfectly with me after some time. Somewhere within the sentences you actually managed to make me a believer unfortunately only for a very short while. I still have a problem with your leaps in assumptions and you might do nicely to fill in those gaps. If you can accomplish that, I would certainly be fascinated.

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  280. With havin so much content do you ever run into any issues of plagorism or copyright infringement? My site has a lot of unique content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the web without my agreement. Do you know any solutions to help stop content from being stolen? I’d definitely appreciate it.

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  290. Thanks for your write-up. I would love to comment that the very first thing you will need to do is verify if you really need credit repair. To do that you will need to get your hands on a replica of your credit rating. That should never be difficult, ever since the government mandates that you are allowed to get one free copy of your own credit report per year. You just have to ask the right persons. You can either check out the website for your Federal Trade Commission or maybe contact one of the major credit agencies immediately.

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  293. In these days of austerity and relative anxiousness about having debt, many individuals balk about the idea of employing a credit card to make acquisition of merchandise or pay for any occasion, preferring, instead to rely on the actual tried plus trusted method of making payment – cash. However, if you’ve got the cash available to make the purchase completely, then, paradoxically, that’s the best time to be able to use the credit cards for several motives.

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