Is the Central Ohio real estate market a sellers market or a buyer market?"

The Question "Is the Central Ohio real estate market a sellers  market or a buyers market?" is brought to you by Maureen McCabe of Real Living HER

Seller Market -  0 to 3 months of homes for sale

Neutral Market - 3 to 6 months of homes for sale

Buyers Market - 6+ months of homes for sale

• Big Walnut schools - 66 months
  
• Buckeye Valley schools - 8.3 months
  
• Columbus schools - 10.5 months
  
• Dublin schools  - 12.2 months 
  
• Gahanna Jefferson schools - 10.0 months
  
• Grandview Heights schools - 7 months
• Hilliard schools - 21.4 months 
• New Albany (the Plain Local School District) - 19.0 months 
• Olentangy schools - 12.8 months
• Upper Arlington schools - 10.1 months 
• Westerville schools - 7.9 months 
  
• Worthington schools - 8.0 months
  

Is Central Ohio a buyers market? You betcha

Not one school district with less than 6 months.  If you look at different price ranges within a school district the market will vary.  If you look at just the City of Worthington Corporation there are only 4.9 months inventory.  City of Worthington 4.9 months of  homes for sale based on January 2009 home sales.

The City of Dublin has a slightly higher inventory of homes for sale than the entire Dublin City School District. With 13.4 months inventory of homes for sale based on January sales than the entire Dublin school area.  The City of Hilliard has  24.3 months of inventory based on the most recent sales in comparison.  Homes in the City of Columbus, City of Dublin or unincorporated areas in the Hilliard school district.  The Village of New Albany has 16.3 months of inventory vs.  19.0 months of inventory in the school district.   Powell's months of inventory of homes is virtually identical to the months of inventory  

The Columbus City School District is  huge and diverse.  One Columbus neighborhood or group of areas, the Clintonville / Beechwold area has 8.6 months of inventory, so lower than the school district on a whole.  Clintonville will recover (become a neutral or sellers market ) more quickly than many other areas in Columbus schools.

The homes in each market report are single familly properties only.  Published February 2010 based on data available from the Columbus Board of REALTORS® at the end of January 2010.   TrendGraphix reports presented are based on data supplied by the Columbus Board of Realtors.  According to Trendgraphix neither  CBR nor their MLS (multiple listing service ) guarantee or are in anyway responsible for its accuracy. "Information deemed reliable but not guaranteed."  Same goes for me then!  Only Real Living HER agents are authorized to use Trendgraphix in Central Ohio for real estate market news updates.  Stay tuned to this blog for more Central Ohio real estate market news.

Central Ohio homes for sale link (Maureen McCabe of Real Living HER at the top)  Search the online  inventory of Central Ohio homes via Real Living HER with the link above and you will be offered the opportunity to receive listings directly from the Columbus Board of Realtors MLS (multiple listing service)  in real time.  Know the true status of properties you are interested in!  See new listings and price changes at the same time we do as members of the MLS.

Columbus home market continues to improve

Central Ohio home prices by school district

Columbus homes for sale - inventory for the Columbus Board of REALTORS® MLS