Housing Market Update
Leaves may be falling, but sales prices are still holding strong here in Central Ohio; so, contact me today to list your home before the holidays! Last month, homes continued to sell at higher prices than the previous month. The average sales price of a home in September was $239,564, a 3.2% increase over the same month a year ago.
“The desire to take advantage of lower interest rates helped bolster contracts and sales last month, said John Myers, 2019 President of Columbus REALTORS®. “Although mortgage interest rates ticked up recently, rates are still low so we don’t anticipate that will soften buyer interest.”
There were 2,824 central Ohio homes and condos sold during the month of September, an 8.9% increase over the previous year, according to the Columbus REALTORS® Multiple Listing Service.
“Although a home sold in an average of 28 days in September, breaking out the days on market by price range provides a better picture of the central Ohio market,” added Myers.
“During the month of September 2019, homes selling for $350,000 or less took about 26 days to sell and homes selling for $350,000 to $500,000 took about 42 days to sell. Homes in the $500,000 to $700,000 price range sold in an average of 59 days and homes that sold for over $700,000 were on the market for an average of 86 days.”
So, homes are still selling very quickly and for record prices. Feel free to contact me anytime to schedule a free listing consultation for your home!