Clintonville and Central Ohio April 2013 housing update!

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Real Estate Agent with Keller Williams Capital Partners Realty 277320
https://activerain.com/droplet/W88
News
Central Ohio Housing Report - Apr. 2013
Posted: 5/22/2013
Columbus Board of REALTORS®

April home sales set record high

Central Ohio home sales last month (2,390) showed an increase of 30 percent in the market from one year ago (1,834). According to the Columbus Board of REALTORS®, April saw the highest number of home sales on record, followed by the 2,286 homes sold in April of 2004. 

In addition to the increases in sales, home prices continue to rise also. While the average sale price has increased every month in 2013 from $149,477 in January to $163,084 in April, the average sale price year-to-date ($156,386) is up almost one and a half percent from 2012.

“Even with more homes being sold and sale prices up, the average time on the market continues to fall: down over 20 percent from a year ago”, said Chris Pedon, 2013 president of the Columbus Board of REALTORS®. “With such excellent market conditions, we’re seeing inventory move quickly.” 

There were 3,965 new listings added to the market in April, up 8.9 percent from April of 2012. New listings also saw increases from one year ago, and have been rising every month this year. 
“Central Ohio continues to see improvement in nearly every aspect of the market,” Pedon continued. “We have not seen the number of new listings this high in any month since April 2010.” 

According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®), 98 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and 94 percent expect home prices to increase in the next year. 
 
As a result of the considerable improvement in the housing market, 76 percent of Columbus area REALTORS® report an increase in multiple offers, and 24 percent say the number of properties receiving multiple offers has increase “a lot”. 
 
View the current Central Ohio Local Market Update.
View the current Housing market report by area.

The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.

The monthly housing reports can be found at www.ColumbusRealtors.com/stats. The reports include breakouts for 18 central Ohio counties and 53 local municipalities and school districts. Buckeye Valley Schools was added to the reports in February 2013.
 
For more information about the central Ohio housing market, visit www.ColumbusRealtors.com/stats. 
 
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Rainer
45,756
Linda Franks
Keller Williams Capital Partners Realty - Columbus, OH

Yes, April was quite the banner month!  22 closings for The Jackson Team in April and more happy clients on the horizon!  

May 22, 2013 05:16 AM #1
Rainer
72,810
Erik Hiss
Keller Williams Capital Partners Realty - Worthington, OH
You can trust me for all your real estate needs!

yes real estate in central ohio in 2013 has been crazy! I haven't seen so many multiple offer scenarios sinec 2007! Hopefully it's not just a bubble :)

May 22, 2013 06:24 AM #2
Rainmaker
2,027,218
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This was a record month for the market and for our team as well!

May 22, 2013 10:10 PM #3
Rainer
291,685
Apple Valley Lake
REMAX Stars Realty - Howard, OH

Joe, My team and I loved reading that your market was experiencing a 30% increase in closed sales already this year.  The Apple Valley Lake housing market is experiencing a similar boost in home sales.

May 22, 2013 11:58 PM #4
Rainmaker
2,027,218
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

I am glad to hear Apple vallye sales are up also!

May 23, 2013 12:01 AM #14
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Rainmaker
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Joe Jackson

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