Worthington homes for sale. A buyers market?

by Maureen McCabe on August 10, 2010

Worthington homes for sale… is it a buyers market?

Worthington homes for sale graph

The graph shows inventory for the Worthington City School District. Seven months or more of inventory is considered a buyers market.*  The graph shows single family homes for sale for the past 15 months.  With 7.2 months Worthington schools is a buyers market now… not as much inventory (homes for sale) as other  Central Ohio markets but there is a lot of inventory in comparison to previous months.  Buyers have Worthington homes to choose from.

Worthington homes for sale a market report - July 2010

  • 265 homes for sale
  • 37 homes sold in the month
  • 7.2 months of inventory
  • average active price $264,000 (down 9.9% from July 2009)
  • average sale price $217,000 (up 4.3% from July 2009)
  • median sale price $182,000

July 2010 home sales in Worthington schools  were down 43.9% from July 2009.   If you look at the MLS (multiple listing service) area that is just the City of Worthington and the Village of Riverlea, there is less than 7 months of inventory.  Stay tuned to Worthington Old and News – Worthington real estate, I will break out a market report for the City of Worthington (and Riverlea.)

Worthington homes for sale - neighborhoods

The Worthington City School District covers the City of Worthington, the Village of Riverlea as well as neighborhoods in the City of Columbus and unincorporated areas (townships.)  The school districts boundaries pre-existed much of the area being developed.

City of Worthington – Colonial Hills, Kilbourne Village, Old Worthington, Olentangy Hills, Wilson Hill, Worthington Estates, Worthingway and other neighborhoods.

City of Columbus neighborhoods including Brookside Woods, Olentangy Highlands, The Bluffs, The Sanctuary,  Westworth Village, Stilson Highlands,  Worthingview, Worthington Highlands and many more neighborhoods.

Unincorporated areas in Perry and Sharon Township include Worthington Estates and Worthington Hills and more.  Riverlea is a small Village in the Worthington City School District.

Worthington homes for sale – Search

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 Worthington homes for sale link above 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.

* You may find different number of months used to determine if a market is a buyers market, a sellers market or a balanced market.  This was originally published on Worthington Old and News – Worthington real estate another site I write.

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