Is Columbus a buyers market? July 2010

by Maureen McCabe on August 8, 2010

“Is Columbus a buyers market? “ was a question this week on  Amber who is “just looking” asked:  “IS COLUMBUS A BUYERS MARKET?”

homes for sale columbus board of Realtors MLS

Amber asked that question August 5, 2010.  I was one of 8 people that answered Ambers question.  I answered Ambers question based on the lastest Trendgraphix available at that time, through June 2010.  If you use 7 months and over as a buyers market, Columbus is a buyers market  based on inventory at the end of July 2010, 13616 homes, 11.2 month of inventory based on the current rate of home sales.

The Columbus Board of REALTORS MLS (multiple listing service)  area includes all of Franklin, Delaware, Fayette, Madison, Morrow and Union Counties and parts of Champagne, Clark, Hocking, Licking, Fairfield, Knox, Logan, Marion, Pickaway and Ross Counties.  I mainly work Delaware and Franklin Counties.

Search Central Ohio homes for sale

Is Columbus a buyers market? - a market report for July 2010

  • 13616 homes for sale
  • 1216 homes sold in July 2010
  • 11.2 months of inventory

Is Columbus one a buyers market?  A one year change in the market

  • 14.5% more homes for sale
  • 33.3% less homes sold in July
  • 71.6% higher inventory based
  • Average active price $223,000
  • Average sale price $173,000
  • Median sale price $139,000

Is Columbus a buyers market? Looking at individual communities

Stay tuned to Columbus real estate and – Worthington real estate  for real estate market news about communities such as Clintonville, Dublin, the Olentangy Local, School District Westerville Worthington and other communities.

Published August 2010 based on data available from the Columbus Board of REALTORS® at the end of July  2010.   Trendgraphix reports presented are based on data supplied by the Columbus Board of Realtors.  According to Trendgraphix neither  CBR nor their MLS (multiple listing service ) guarantee or are in anyway responsible for it’s accuracy. “Information deemed reliable but not guaranteed.”   No guarantee from me either!

If you use the Central Ohio homes for sale link you will search the online inventory of Central Ohio homes on the Real Living HER site.  You will be offered the opportunity to receive listings directly from the Columbus Board of Realtors MLS (multiple listing service)  in real time. You can know the true status of those properties you are interested in.

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