The number of Central Ohio homes listed for sale the past two months is lower than the previous year suggesting the market may be beginning to adjust itself. The 3,629 homes added to the market in April were 7.0 percent lower than April of 2011 and the 3,466 new listings in March were 10.4 percent lower than the previous year according to the Columbus Board of REALTORS®.
In Licking County, the average home sales sold price was $143,963 from Jan. - April this year, up 8.7 percent from the same period last year. Also, 444 homes sold in Licking County from Jan. - April this year, which is 12.1 percent more than the same period last year. Licking County homes which went into contract for sale from Jan. - April totaled 664, which is a 42.8 percent increase from the same period last year, when 465 homes went into contract.
In Licking County, the average home sales sold price was $144,951 in April, up 9.5 percent from April 2011. Also, 135 homes sold in Licking County in April, which is 7.1 percent more than April 2011. Licking County homes which went into contract for sale in April totaled 225, which is a 53.1 percent increase from April 2011, when 147 homes went into contract.
The inventory of homes for sale in Licking County continued to decline in April helping to further stabilize the local housing market. The total number of homes for sale at the end of April was 1,027, which is 23.1 percent lower than the end of April 2011, when 1,335 homes were for sale.
All statistics are provided by the Columbus Board of REALTORS®.
