(Aug. 21, 2013) Central Ohio home sales are breaking the records this summer. Year to date sales (15,988) are 24.2 percent ahead of last year and the highest for the first seven months of any year recorded by Columbus REALTORS®.
Last month’s 2,825 homes sales were the highest on record for the month of July – and the third highest month on record just slightly behind August 2005 (2,875) and June 2006 (2,872).
The 3,515 homes put in contract last month (18.0 percent higher than last year) would suggest that the high sales trend is continuing.
“Pent up demand is fueling the country and Central Ohio is no exception,” said Chris Pedon, 2013 president of Columbus REALTORS®. “Prior to this year, the highest number of home sales we’ve seen in Central Ohio seven months into the year, was in 2005 during the height of the housing boom when we had 15,654 closings by the end of July.”
The median sale price of a home (January through July 2013) in the Columbus Region is $145,000 – up 4.4 percent from a year ago.
July saw 3,665 residential homes listed for sale, down seven percent from June, but up 16.6 percent from July of 2012.
Area Market Reports