Reflecting another tough year in real estate, Reynoldsburg Ohio has had another year of rising inventory and falling sales prices.
The good news is that the number of homes for sale this year only increased slightly with homes for sale the year before. The best news of the year is that although the average sales price for homes fell again this year, it only fell slightly as compared to the past few years. This would seem to indicate that the home prices are nearly stabilized.
If you are thinking of selling your home next year and would be interested in specific information on your Reynoldsburg subdivision, feel free to contact us at 614-804-5600 or by email. We would be happy to provide you with a customized report.
Reynoldsburg Ohio YTD Market Report for Single Family Homes
Number of Homes Listed in 2010: 723
Homes Closed in 2010: 326
Average List Price: $151,700
Average Sold Price: 123,000
Average Time on Market: 105
Current Number of Homes for Sale: 206
Current Number of Homes In Contract: 21
The end of the tax credit led to a decrease in active buyers and an increase to the average Days on Market at the tail end of the year. Homes that sold were on average getting 95% to 98% of their asking price.
Sale prices stayed fairly stable showing some fluctuation at the end of the year due in part to the end of the tax credit and the rise in inventory at the tail end of the year.
This post is from Mickey DiPiero, www.HomeFactGuide.com. Reproduction or use without express permission of the author is prohibited.
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