Prices maintain their climb as demand continues to exceed supply. The average sale price of a home sold in September was $174,735, up 4.2 percent from September of 2012. The average price of homes sold January through September is $174,853, up 3.5 percent from the first nine months of last year.
According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®), 100 percent of central Ohio REALTORS® describe the current housing market as moderate to strong, but only 95 percent expect the housing market to be moderate to strong over the next six months. As for home prices, 91 percent expect home prices to remain the same or rise over the next year.
“Although there is a good selection of homes and condos on the market in all price ranges right now, REALTORS® are still seeking more sellers to meet the elevated demand,” adds Pedon. “If you’re a homeowner who has considered moving up or downsizing, you don’t need to wait. Today’s market offers solid advantages.”
For more information, visit www.ColumbusRealtors.com/stats.