Nationally the housing picture is really looking up!

According to the National Association of Realtors there was a 5.1% increase in sales in February compared to the slower activity in January. This is partially due to the effects of the Obama stimulus finally getting buyers off of the fence.

Here in Central Ohio Real Estate, the Columbus Association of Realtors has released the February 2009 Real Estate statistics for its area.

They commented that falling mortgage rates and increased consumer activity – according to NAR there were 5% more people looking at homes last month! – point towards a positive future.

In February a total of 1,123 homes changed hands. With the buying power of the typical family has risen over the last several months; average buyers can now afford a home costing $20,000 more than a year ago, according to the National Association of Realtors Housing Affordability Index.

What is certain is that there are a great selection of properties available in the area and with the assistance of the right Realtor (click here to find out more about our services) buyers will be able to get the right property at the right price.

Looking to buy a home or sell a home? We can help!

If you are looking to purchase a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.