The local market in central Ohio continues to stabilize. The level of inventory sold in September was only 1.5% below what was sold in the same month in 2007 which is excellent news. The average list price of properties is largely around the same as the previous year showing that demand for Central Ohio Real Estate is still large!
Also, inventory is falling as fewer homes were added to the market in September as there were in August meaning a more balanced market and sales at levels they were in the pre-boom years.
In fact, with only 16,598 homes on the market in September, inventory was at its lowest level since February!
What is for sure is than in one of the most stable markets in the country the area is still thriving with a healthy local economy and a large number of people wanting to relocate to the metro area.
If you are thinking that now is a great time to buy and you are looking at purchasing in the Columbus Metropolitan area in communities such as New Albany Ohio then please contact The Raines Group for professional Real Estate advice in the area.