The figures for October 2008 are in from the Columbus Association of Realtors and they are as follows:

Despite a slight slow down in the number of home sales over the previous month and year there is some great news about local home sales. The level of inventory has fallen to its lowest level in two years! With only a little over 15,000 homes on the market.

With the level of inventory falling as people are taking advantage of the lower interest rates for home loans and snapping up a great amount of properties at great prices this indicates a market which is becoming more balanced. It is therefore expected in 2009 that home prices will begin to rise.

If you are looking to purchase a property in New Albany Ohio or the surrounding area in Central Ohio such as Gahanna, Plain Township or New Albany itself, then please contact The Raines Group for professional Real Estate advice in the region. The Raines Group are more than happy to assist you in your real estate needs. Contact them today via their online contact form or by calling Sandy Raines on: 614-418-7417

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