Housing Market Update Rising interest rates and inflation are beginning to take their toll on the local real estate market! Last month, homes sales dropped 9.7% while pending sales were down 14% suggesting July sales will also be down from last year. “Higher interest rates and inflation along with escalating home prices are all working […]
Although inventory remains a bit low, we are still seeing record home sales in Central Ohio! Records continue to be broken as home sales averaged over 3,600 last quarter, and realtors sold almost 90% of new listings. “Tight inventory over the past several years created a very competitive market causing some angst for many home […]
Housing Market Update With continued low inventory and interest rates, home sellers are benefiting from record sales prices and minimum days on market! In January, 1,026 homes sold, up 10.4% from last year; and, sales are expected to increase as we move into the spring months. The number of new listings was up 19.8% from […]
