For the month of June the cumulative House Watch data published in The Dispatch’s Sunday paper, continues with the trend of the past few reports I’ve compiled . There are still fewer homes for sale this year and they are at higher prices than last year.
For easy comparison, I’ve added the data from the May 1st report. We see there were more new listings added during that month, which is typical as many plan to sell their home during the summer months.
Buyers who think they will wait for the market to bottom out, may have waited too long. Plus, it’s been shown that a very slight increase to the interest rates, can completely wipe out any savings that might be obtained waiting for prices to lower a few thousand dollars.
| 5/1 | 6/5 | 6/12 | 6/19 | 5/26 | |
| 2008 Homes for sale | 16,877 | 17,616 | 17,780 | 17,833 | 18,023 |
| 2007 Homes for sale | 18,240 | 18,706 | 18,908 | 19,154 | 19,500 |
| % Chg ‘08 vs ‘07 | -7.5% | -5.8% | -5.9% | -6.9% | -7.6% |
| 5/1 | 6/5 | 6/12 | 6/19 | 6/26 | |
| 2008 Avg Price | $225,968 | $225,852 | $227,542 | $226,911 | $225,882 |
| 2007 Avg Price | $220,231 | $225,852 | $224,657 | $223,659 | $221,391 |
| % Chg ‘08 vs ‘07 | +2.6% | +0.3% | +1.0% | +1.0% | +2.0% |
This data comes from the Columbus Board of Realtors® and includes the counties of Franklin, Delaware, Madison, Morrow, Union, and some listings of Fairfield, Knox, Licking, Logan, Marion and Pickway.
Copyright © 2008. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.
Elaine Reese
614-825-8860Real Living HER
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.