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Columbus Home Sales Down 7% – 2007

by Maureen McCabe on January 25, 2008

Unit sales were down 7% according to info the Columbus Board of Realtors supplied to the media yesterday. And to us the membership a day later… I’ve always had a hard time with that… hearing it or reading it from the media… yes historically we did not have the channels to transmit the information internally but we do now. I just think the real estate bloggers should get to scoop the media.

 

Business First of Columbus – Realtors: Area homes sales down 7% in 2007

 

The Columbus Dispatch – “Housing rebound on way?”

 

” Dismal ’07 could lead to local-market rebirth”

 

Daily Reporter - Local Realtors say they expect home sales to improve during 2008

 

With a 7% decrease in unit sales the year was still the 4th largest (highest) on record. Dollar volume was down 8% and the average price slid from 174,882 dollars to 172,990 dollars.

 

According to the President of the Columbus Board of Realtors, Greg Hrabcak, there were less homes sales over a million dollars in 2007. There were also more home sales under 30,000 dollars, investors buying while the buying is good.

 

The story is also available to the public via the consumer info available at the e Columbus Board of Realtors website.  It’s in our In Contract Magazine for the membership as well “2007 best year on record for central Ohio home buyers”

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