According to data on Trulia.com, the volume of real estate sales in New Albany has increased over 7% compared to a year ago. The average price of homes sold in New Albany, Ohio has decreased from a year ago, which indicates a buyer’s market. With mortgage rates remaining at historic lows, the price of homes dropping, and the tax credit extended and expanded there hasn’t been a more attractive time to buy real estate in New Albany, Ohio.
Home sales across the country are up in volume, creating optimism toward an economic recovery. For New Albany and the Central Ohio real estate market, the positive news is welcome and hopes remain high that positive data will continue to surface.