November marks the fifth consecutive month of increased home sales in central Ohio this year after the first half of the year struggled to keep up with increased sales from 2010 due to the home buyer tax credits. According to the Columbus Board of REALTORS®, 1,406 homes sold in November which is seven percent more than the previous year.
In Licking County, 127 homes sold in November which is 10.4 percent more than November of 2010. Licking County homes which went into contract for sale was also up 22 percent from Nov. 2010. The average home sales price in Licking County was $133,398, down two percent from Nov. 2010.
From Jan. to Nov. 30, 2011, 1,350 Licking County homes have sold, up .5 percent from the same period in 2010, while the number of homes which went into contract for sale was up 6.1 percent from 2010. The average home sales price in Licking County was $137,625 for January through Nov., down seven percent from 2010.
“We’re finding that sellers recognize the challenges of today’s market and are realistically pricing their homes to sell,” says Rick Benjamin, 2011 President of the Columbus Board of REALTORS®. “Buyers are responding well to the pricing and, of course, the record low interest rates. It’s still a great time to buy a home.”
