Is the Columbus Board of REALTORS mls (multiple listing service) a buyers market or a sellers market now? "Now" being through January 2013. A buyers market there is a plentiful supply of homes for buyers to choose from. In a sellers market there is less inventory for buyers to choose from, easier market for a seller. With 6.3 months of inventory in the mls area, it is a balanced market.
Nationally there is talk that home sales are up, inventory is scarce and sellers are receiving multiple offers on their homes. Is that true of homes in the Columbus Board of REALTORS mls?
Central Ohio is a seasonal market because of our climate and the holidays but you can see in the graoh that inventory of homes for sale is down from January 2012. I peeked ahead, for example Worthington is down to less than 3 months of inventory. That's a buyers market. Depending on where you are searching for a home as a buyer you may find slim pickings. Other areas there are plenty of homes to choose from.
Search - homes for sale in the Columbus Board of REALTORS mls. The link is to the home search on my HER Realtors website. You can search virtually all homes for sale in central Ohio there.
The Columbus Board of REALTORS mls is BIG geographically, the mls covers many counties including:
All of Franklin County
All of Delaware County
All of Fayette County
All of Licking County
All of Madison County
All of Morrow County
All of Pickaway County
All of Union County
“and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.”
Personally I only pay attention to pieces of northern Franklin and southern Delaware County and now Union County as a real estate agent with HER Realtors.
Columbus Board of REALTORS mls a market report for January 2013
- Months of homes for sale is 6.3 vs. 8.8 in January 2012
- Homes for sale 6704 vs. 8208 in January 2012
The months of inventory based on sales is down 28.8% from this time last year. Less homes for buyers to choose from, good news for sellers. More good news for sellers, the average price of a homes was up 10.1% from a year ago. The median sale price of a home in the Columbus Board of REALTORS mls was up a healthy 15.5%. Days on market for homes sold shrunk by 24.6% from this time last year.
The graph shows the inventory of homes for sale for the past 15 months based on sales.
A month ago Columbus Board of REALTORS mls real estate there were 6926 homes for sale.
The "homes" here are all single family resale listings in the Columbus Board of REALTORS mls. In a couple of weeks when the Columbus Board of REALTORS officially announce how the real estate market did in January 2012 to members and the media, they will be talking residential sales which includes condos and new homes.
Columbus Board of REALTORS MLS Buyers Market or Sellers Market? was published in February 2013 based on data available from the Columbus Board of REALTORS mls at the end of January 2013. According to Trendgraphix neither CBR nor the mls guarantee the accuracy of the data. Trendgraphix says: “Information deemed reliable but not guaranteed.” I must rely on their info, I can offer no guarantee either. I believe the mls data is getting better all the time though.
Contact me about real estate in the Columbus Board of REALTORS mls.