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Real Estate Market Report for Columbus - Dec 2016

The Columbus Ohio Real Estate Market in review for December 2016 compared to the same period last year reflects:
- A 7.2% increase in average sale price
- A reduction of days on the market down from 56 to 45 days
- A 1% increase in percent of List Price received at 97.9%
December 2016 data predicts there is  less than two months of inventory based on current demand.
What does this all of this mean to you?
If you are thinking of selling your home this year, that NOW is an excellent time to get your home on the market, and the sooner the better!  If you wait until the convention wisdom of "put the house on the market in Spring" you could be missing Buyers who are now willing to pay top dollar and end up in competition that reduce your potential Buyer Pool.  In addtion, interest rates are on the rise and with each increase more Buyers are eliminated from qualifying for a mortgage.
To find out what all of this data means for YOUR house in YOUR neighborhood, get in touch with me by email greglarge@realtor.com or call or text 614-653-7653.
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