Real estate sales across the Country took a dip in February and the Central Ohio area was no exception, but the good news is that real estate values went up.  After four years of price declines the increase, over 10% compared with values from a year ago, is a positive sign for Central Ohio real estate.

Central Ohio real estate will continue to be affected by unemployment levels, but the soon-to-expire tax credit for new home buyers and current home owners and low mortgage rates will continue to lure potential buyers off of the sidelines.  The increase in values could mean that the bottom of Central Ohio real estate has come.  If employment improves and mortgage rates improve, there could be no stopping a rise in home sales volume as well.

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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