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First quarter home sales in central Ohio were up 7.1 percent versus first quarter 2011 sales (4,045 vs. 3,776). March home sales jumped 36 percent to 1,653 compared to the previous month (1,215) and were up 6.1 percent more than last year (1,558) according to the Columbus Board of REALTORS®.
In Licking County, the average home sales sold price was $142,612 in the first quarter, up 7.6 percent from first quarter 2011. Also, 306 homes sold in Licking County in the first quarter, which is 13.3 percent more than first quarter 2011. Licking County homes which went into contract for sale in the first quarter totaled 474, which is a 48.6 percent increase from first quarter 2011, when 319 homes went into contract.
In Licking County, the average home sales sold price was $155,079 in March, up 16.2 percent from March 2011. Also, 135 homes sold in Licking County in March, which is 16.4 percent more than March 2011. Licking County homes which went into contract for sale in March totaled 197, which is a 44.9 percent increase from March 2011, when 136 homes went into contract.
The inventory of homes for sale in Licking County continued to decline in March helping to further stabilize the local housing market. The total number of homes for sale at the end of March was 989, which is 22.1 percent lower than the end of March 2011, when 1,269 homes were for sale.
All statistics are provided by the Columbus Board of REALTORS®.
