Inventory is at a higher than normal level for this time of year with 13,000 single homes and over 3,000 condos for sale in MLS. Slow market areas are seeing much more in seller concesions. The stronger segments are in small pocket confined by both geographic as well as property type. County Auditor reports 1.6% appreciation rate for past 2 years.
Condominium sales have slowed in most communities. Visit Columbus-Ohio-Condominium.com to learn more about this market segment. Jim Lubinsky
Location Characteristics: Current inventory is stable with a shift to a buyer's market. Prices not moving up this year as in the past. Sellers making more concessions. Solds homes are still about 15% below 2007 numbers to date and inventory is about equal to 2007 levels at 13,000 single family homes available through the MLS. A rapidly growing (1.5 million smsa population) vibrant city with a wide variety of housing choices from low $100's to over $2 million. Home to 2nd largest insurance co. concentration in US and many major banking operations. Home to Ohio State University (largest in the world with over 100,000 students, faculty and staff). A good condominium market. Steady annual appreciation and great place to call home. Click more for specific details.
About Jim Lubinsky:
Jim Lubinsky's 19 years of residential real estate experience in Central Ohio includes 3 years land development, 2 years new build homes and 15 years with Re/Max managing a team of agents. Average 125 transactions annually equalling over $15million in property value sold annually. CRS, GRI, MBA, Re/Max Platinum Club 2001, 2002, 2004, 2005, 2007 Chairmans Club 2003, Lifetime Achievement 2008
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
