Home Sales in Morrow County Continue Upward Trend
The statistics continue to show improvement for the existing home sale market in Morrow County. Mount Gilead, Cardington, Marengo and outlying areas all show increased: sales activity, units sold, average sale price, median sale price, along with decreased number of units on the market ( a return to more normal supply and demand).
This is good news for Morrow County residents as home sale prices begin to normalize and the inventory of homes available for purchase decrease. This will continue to provide higher home prices.
It's too early to tell for sure, but so far the last few months of market activity in Morrow County would seem to indicate that we are "beyond the worst" and returning to more normal home sale market activity.
Buyers who might have been waiting for the "bottom" to buy, might want to act fast before the numbers continue to climb in the coming months.
Here's a quote from the Columbus Board of Realtors:
"Home sales in central Ohio home have exceeded 2010 for the last four months according to the Columbus Board of REALTORS®. The 1,543 homes sold in October marks an 8.6 percent increase over the 1,421 homes sold in October of 2010. Home sales in September were up 16.6 percent compared to the year before.
Year-to-date, home sales (January through October 2011) are only 2.1 percent behind 2010 and closing
the gap. Homes put in contract last month (1,379) were up 46 percent from a year ago making October the sixth straight month of increased contracts."
To see the entire Columbus Board of Realtors Statistical Sales Report
for Morrow County, October 2011, click here.