This past March in Central Ohio saw 1002 home sales, a 28% decrease from the 1381 sales in March 2010. The range of homes sold in the Franklin and Delaware County area was wide, from a 1BA 1BA to a 7BA 6BA, pricing ranging from $3,000 to $1,600,000! This makes the average home sold quite a weighted number.
In 2011, the average Central Ohio home sold was a 3BD 1BA 1,866 sq ft home, sold for $154,104 after 106 days on the market. This is incredible similar to the average home sold in March 2010, also a 3BD 1BA home, 1,785 sq ft selling for $156,214 after 83 days on the market.
What we see are similar homes taking slightly longer (23 days) to sell in Central Ohio. Is this a sign of a regional equilibrium in the housing market? Are things beginning to even out for us in Central Ohio? We will see!
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