Click 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
{ 2 comments… read them below or add one }
Maureen,
Very informative article with a great graph to back it up.
Thanks Ian. I am a graphoholic.