2009 sales stats for Reynoldsburg, Ohio have been calculated, and there was some surprising stats to report. I compared all the homes that sold with a real estate agent for 2009 and compared them with 2008 and there was some interesting statistics that you can use.
In 2009 there were a total of 322 sold homes (not including condos) in Reynoldsburg school district, as compared with 356 solds in 2008-a slight decrease but not bad. The average sold price in 2009 was $ 126,585-down from $137,190 in 2008. This means that the average home in Reynoldburg actually declined in value 7.7% from 2008.
In 2009 it took an average of 85 days to sell a home in Reynoldsburg, which is shorter than 2008 when it took 97 days. The average home seller in 2009 negotiated 3.5% off their asking price, which was slightly higher that the 3.2% they took in 2008. The average home sold for approx. $ 73 per square foot in 2009.
So , to sum all this up, the average home seller in Reynoldsburg in 2009 sold their home faster, for less money, and negotiated a bit more as compared to 2008.
What does my crystal ball say for 2010? I predict, based on experience and trends, that we will have a hot market for the first 4 months of this year during the tax credit period then the market will cool a bit over the hot months, and heat up again in the fall as people start to get back to work. I think we will see a slight increase in prices in the lower end of the market among the first time buyers and a leveling of prices in the upper end as we have hit pretty close to the bottom already.
If you have been holding off buying a home waiting for the prices to go lower, I think you have seen the bottom. If you are thinking of selling, I think right now would be a good time to sell during the tax credit period as we are seeing an increase in buyer activity. So, either buying or selling-2010 may be the best year we have seen for a few years!
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