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It is amazing to see that May 2009 home sales here in Central Ohio have increased almost 13% over April 2009 making this the 4th straight month of home sales price increases. May 2009 sales were only slightly higher than May 2008, however, at $168,576 home prices are at their highest point of the year. Homes on average sold for $231 more than during May 2008, indicating that competition among consumers, particularly first-time buyers using the $8,000 tax credit, is continuing to drive the markets' recovery. Central Ohio inventory levels continue to decrease given the fact that New Listing were down 24.6% in May 09 compared to May of 08. Since the basic principle of supply and demand influence home prices this is great news for home sellers. With only 156 days left to take advantage of the $8000 dollar tax credit anyone looking to buy really needs to jump in now to take advantage of the best prices and inventories.
If you want to take advantage of the Central Ohio Housing Market please give me a call at 614-273-6406 or email me at Vanessa.simmons@realliving.com.
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12.9% Increase in Central Ohio Home Sales in May 2009
2 comments • Vanessa V. Simmons~Realtor • June 26 2009 02:11PMComments
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Sounds like you are definitely headed in the right direction! I don't think our numbers here in Indy were quite as good. It seems April was better than May here and the 2009 numbers are definitely lower than 2008...
Chanda panda
Glad to see your numbers are improving. We are still down here compared to last year. A lot of foreclosure sales are bringing ave. sale price way down but the market is as active as it's been in a while.