Columbus and Central Ohio Home Sales were up last month, compared to 2006. Depending on how you look at it, that's good news.
Central Ohio home sales were up almost eight percent in February from a year ago. 
The 1,549 sales were 7.9 percent higher than the 1,436 homes sold in February of 2006 according to the Columbus Board of REALTORS®.
“Despite many doom and gloom housing forecasts for 2007, our first two months have been even better than last year,” says Brad Bennett, President of the Columbus Board of REALTORS®. “Year to date, home sales are 13.2 percent higher than last year. And last year, sales in the first two months were nine percent higher than the year before. So, when we say sales are up – they truly are.”
Bennett went on to say that:
- Fewer homes were added to the market in February.
- The number of new listings added (3,417) was 17 percent fewer than in January and 15.5 percent less than in February last year.
- homes are taking up to 25 percent more time to sell
- Homes are selling for about two percent less than they would have one year ago.
- We continue to seek more buyers. With the high number of homes, motivated sellers and such competitive interest rates, anyone even considering buying a home would be negligent not to look at the market right now. They could miss out on the deal of the decade.
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