Sale prices for homes sold in central Ohio last month showed a healthy increase over the previous year. The average sales price of $151,072 was 7.3 percent higher than in Feb. of 2011, and 5.7 percent higher than the previous month according to the Columbus Board of REALTORS®.
In Licking County, the average home sales sold price was $141,622 in Feb., up 9.1 percent from Feb. 2011. Also, 87 homes sold in Licking County in Feb. which is 13 percent more than Feb. of 2011. Licking County homes which went into contract for sale in Feb. totaled 175 which is a 75 percent increase from Feb. 2011, when 100 homes went into contract.
The inventory of homes for sale in Licking County continued to decline in Feb. helping to further stabilize the local housing market. The total number of homes for sale at the end of Feb. was 935, which is 22.3 percent lower than the end of Feb. 2011.
All statistics are provided by the Columbus Board of REALTORS®.
