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Franklin County Market Report through August 2007

by Maureen McCabe on September 12, 2007

Market Report graph August 2007 Sales & SoldClick on the graph to the left and it will open up.  The light green bars are inventory by month for Franklin County homes.  The dark green bars on the graph are the properties sold by month for the past 15 months.  The red line is homes that are “Pending” or under contract. The stat in the table below are for the past 15 months for Franklin County residential (single family and condominium) sales and inventory.

The numbers on the graph match the numbers in the table below . 

What do the table and graph say about Franklin County?  It’s still a buyers market! 

Average list and sale prices are virutally unchanged from this time last year.  Price per square foot is down a smidge from this time a year ago. 

Homes that sell are on the maket 11 days longer than a year ago.  There is almost nine months of inventory on the market!!  8.3 months of homes available. based on sales in the month of August. 

Homes are selling within 97% of list price so sellers have to be priced right.

Date 6/06 7/06 8/06 9/06 10/06 11/06 12/06 1/07 2/07 3/07 4/07 5/07 6/07 7/07 8/07
For Sale 11747 12147 12324 11952 11732 11075 9606 10159 10323 11102 11798 12195 12689 12812 12813
Sold 1785 1413 1704 1333 1215 1096 1059 930 984 1210 1327 1627 1662 1572 1553
Pended 1640 1511 1560 1254 1190 1082 966 1108 1062 1402 1557 1777 1543 1614 1274
Months of Inventory based on Closed Sales 6.6 8.6 7.2 9.0 9.7 10.1 9.1 10.9 10.5 9.2 8.9 7.5 7.6 8.2 8.3
Months of Inventory based on Pended Sales 7.2 8.0 7.9 9.5 9.9 10.2 9.9 9.2 9.7 7.9 7.6 6.9 8.2 7.9 10.1
Avg. Active Price 202 200 198 198 196 190 188 189 191 193 197 199 198 196 195
Avg. Sld Price 184 177 173 165 165 160 167 160 150 160 160 165 175 172 172
Avg. Sq. Ft. Price 110 109 106 102 102 99 101 98 97 101 100 102 107 105 105
Sold/List Diff. % 97 97 97 97 97 97 97 96 96 96 97 97 97 97 97
Days on Market 87 91 89 93 99 103 109 114 115 112 107 106 106 94 100
Median Price 154 144 142 139 135 135 135 133 132 136 137 143 146 143 144

Community Profile  Franklin and Delaware County communities

Search for Homes - You  Search all homes on Real Living HER’s site, these are not all Real Living HER listings.  These are all Real Real Living HER’s current listings plus many from other local real estate companies. 

Let Me Help You Find Your Dream Home
 

Your Homes Value - request a market analysis on your Franklin County home

The graph and table of Franklin County real estate sales and inventory are from Trendgraphix.  Real Living is Central Ohio’s only subscriber to TrendGraphix.  The data is from the Columbus Board of REALTORS® MLS.  These statistics are single family and condominium properties only.

Copyright 2007 ColumbusBestBlog.com and Maureen McCabe

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{ 2 comments }

1 Ian Mariano September 12, 2007 at 02:52 pm

Maureen,

Very informative article with a great graph to back it up.

2 MaureenMcCabe September 12, 2007 at 04:54 pm

Thanks Ian. I am a graphoholic.

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