Warning: Illegal string offset 'block_home_page' in /home/maureenmccabe/columbusbestblog.com/wp-content/plugins/pinterest-block/pinterest-block.php on line 458

Warning: Illegal string offset 'block_front_page' in /home/maureenmccabe/columbusbestblog.com/wp-content/plugins/pinterest-block/pinterest-block.php on line 459

Warning: Illegal string offset 'block_posts' in /home/maureenmccabe/columbusbestblog.com/wp-content/plugins/pinterest-block/pinterest-block.php on line 460

Columbus MLS Home Prices Rising

by Maureen McCabe on March 21, 2013

Columbus Ohio home

The official February 2013 sales results are out today from the Columbus Board of REALTORS mls (multiple listing service).

 Central Ohio housing report – February 2013

The Columbus Board of REALTORS say central Ohio home prices are rising in an article emailed to members (I am one) and the media titled  “Rents and prices rising in ’13″ 

The median sales price of a home sold in central Ohio in February was $122,000, up 1.7 percent compared to one year ago ($120,000). The average sale price was $149,887, a slight drop (-0.6 percent) from the same time last year ($150, 757).

 

Average sale price is down slightly at $149,887 according to the Columbus Board of REALTORS.   Median home sale price is up 1.7% according to the report issued to members and the media.

Single family resale home vs. residential sales

The March  2013 post on ColumbusBestBlog.com titled Columbus Real Estate: February 2013 says:

“The February 2013 $152,000 average sale price shown in the graph is identical to the average sale price in February 2012.” 

vs.

“The average sale price was $149,887, a slight drop (-0.6 percent) from the same time last year ($150, 757).”

What is the difference between the February 2013 average sale price of $149,877  reported by the Columbus Board of REALTORS and the  $152,000, reported on ColumbusBestBlog.com just a couple of weeks ago.  Both are February 2013.  Both come from data provided  by the Columbus Board of REALTORS mls.  The Columbus Board of REALTORS quotes residential home sales each month.  The average residential sale price include condominiums and multifamily. Average residential sales price  also includes the new construction homes sold through the Columbus Board of REALTORS.  I  look at single family resale homes.    I look at condos and new homes independently.

Price depends on where in Columbus.  Or “where” in central Ohio.*

Make mine median

In Columbus Real Estate: February 2013′  on ColumbusBestBlog.com it says:

“The $123,000 median sale price of a home in the Columbus Board of REALTORS mls was up 2.5% in February (as compared to a year earlier.)

How does that reconcile with the March 21, 2013 statement from the Columbus Board of REALTORS which says the average median sale price is up 1.7% at $122,000?    To quote the Columbus Board of REALTORS release:

The median sales price of a home sold in central Ohio in February was $122,000, up 1.7 percent compared to one year ago ($120,000).”

The $122,000 is the median sale price of  single family, condominiums, multi-family homes resale and NEW.

Columbus Board of REALTORS on February 2013 home sales

Homes are selling in central Ohio.  When homes sell home prices go up.   In the article (press release) sent to members, the Columbus Board of REALTORS quoted itself:

“There were 1,452 home sales in February, which is 14.9 percent higher than in February 2012, according to the Columbus Board of REALTORS®.”

The Columbus Board of REALTORS mls geographically covers a large part of central Ohio.  I work primarily in northern Franklin and southern Delaware counties* with a little Union County thrown in since it’s 2013.  The average sale  price and median price  in most northern Franklin County and southern Delaware county neighborhoods is  much higher than the home prices for the whole Columbus mls.  Home prices are rising, or will.

Related Posts Plugin for WordPress, Blogger...

Comments on this entry are closed.

Previous post:

Next post: