Central Ohio Real Estate: Is Real Estate Improving?

October 24th, 2009 The Raines Group Posted in Central Ohio News, Central Ohio Real Estate, New Albany, New Albany Community, Ohio Real Estate | Comments Off

Real estate values are picking up in Columbus Ohio

According to a recent report from the Federal Reserve, residential real estate has improved. This is one indicator that the U.S. economy is stabilizing or even improving.  The question is whether real estate in Central Ohio is improving, too. 

According to statistics listed at Trulia.com, real estate sales in Columbus, Ohio may not be higher in volume, but the median sales price has increased 18.2% (compared with a year ago) and the average price per square foot has climbed 21.5% (compared with the third quarter of 2008).

Real estate sales in New Albany, Blacklick, and Gahanna have yet to show the same improvement, but are likely to follow the positive trend.  If the Columbus real estate market continues to improve, its suburbs should soon follow.

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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