Central Ohio real estate is improving despite little dips in data here and there

Central Ohio real estate has taken a dip in sales price and volume, however, this is a small bump in the road of the real estate recovery. 

According to a recent article in the Columbus Dispatch, “in Central Ohio, the average sales price fell 4 percent to $168,873. Statewide, the average price dropped 9 percent to $128,440.”  The article points out that homes are staying on the market for a shorter length of time than a year ago, and the inventory of homes on the market has been steadily decreasing. 

The article also notes that the first time home buyer tax credit should  increase Central Ohio real estate sales in the coming months.  “Central Ohio agents say they expect sales to rise in September and October as first-time buyers seek to close on a home by Nov. 30 to claim a federal tax credit.” 

Real estate in Central Ohio and across the country will have its ups and downs on the way to recovery but the overall picture is improving.

If you are looking to buy or sell 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.

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