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Market Report Franklin County – August 2007

by Maureen McCabe on August 15, 2007

Franklin County through July 2007

This graph matches the numbers in the table below.  Both represent sales and inventory (houses for sale) in Franklin County for the past 15 months.  The light green bars are inventory, the dark green bars are sales.  The red line in the graph is pended (under contract homes.) The statistics are through the end of July 2007.

Click on the bar graph and it will show you the detail:

1490 properties sold in the month of July.  665 more properties than in July 2006.

There are 8.6 months supply of homes on the market based on July home sales (closed) in Franklin County.  

Average list price was down $4.00 in 2007 over July 2006.

Average price per square foot was down by $3 from a year earlier for the homes that sold in the month of July 2007.

Homes sold within 97% of list price in July 2007, look across the table it is virtually unchanged.  Homes need to be priced to sell. 

Days on market is up four days from July 2006 at 95 days on market in July 2006. 

Median home price at the end of July 2007 is identical to July 2006. 

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
 

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.

Date 5/06 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
For Sale 11500 11747 12147 12324 11952 11732 11075 9606 10159 10323 11102 11798 12195 12689 12812
Sold 1584 1785 1413 1704 1333 1215 1096 1059 930 984 1210 1327 1627 1650 1490
Pended 1680 1640 1511 1560 1254 1190 1082 966 1108 1062 1402 1557 1777 1523 1380
Months of Inventory based on Closed Sales 7.3 6.6 8.6 7.2 9.0 9.7 10.1 9.1 10.9 10.5 9.2 8.9 7.5 7.7 8.6
Months of Inventory based on Pended Sales 6.8 7.2 8.0 7.9 9.5 9.9 10.2 9.9 9.2 9.7 7.9 7.6 6.9 8.3 9.3
Avg. Active Price 204 202 200 198 198 196 190 188 189 191 193 197 199 198 196
Avg. Sld Price 172 184 177 173 165 165 160 167 160 150 160 160 165 175 174
Avg. Sq. Ft. Price 107 110 109 106 102 102 99 101 98 97 101 100 102 107 106
Sold/List Diff. % 97 97 97 97 97 97 97 97 96 96 96 97 97 97 97
Days on Market 92 87 91 89 93 99 103 109 114 115 112 107 106 105 95
Median Price 145 154 144 142 139 135 135 135 133 132 136 137 143 146 144
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