Thursday, May 23, 2013

Home Sales Continue to Rise


23 N. 33rd St. in Newark sold for $247,500 in April.
Central Ohio home sales in April (2,390) showed an increase of 30 percent in the market from one year ago (1,834). According to the Columbus Board of REALTORS®, April saw the highest number of home sales on record, followed by the 2,286 homes sold in April of 2004.

In addition to the increases in sales, home prices continue to rise also. While the average sale price has increased every month in 2013 from $149,477 in January to $163,084 in April, the average sale price year-to-date ($156,386) is up almost one and a half percent from 2012.

Licking County saw 193 single family and condominium home sales in April 2013, up 40.9 percent from April 2012. For the first four months of the year, 512 homes sold in Licking County, up 15.1 percent over the same period last year.

The average sold price for Licking County homes sold in April 2013 was $143,040, down 0.4 percent from April 2012. For the first four months of the year, the average sold price for Licking County homes sold was $135,803, down 5.2 percent over the same period last year.

The average days on market for a house until sale was down 4 days at 90 days in April 2013, compared to April 2012. For the first four months of the year, the average days on market for a Licking County home for sale was 98, down 11 days over the same period last year.

The number of Licking County home listings coming on the market as a new listing in April 2013 totaled 353, up 19.3 percent with 296 new home listings in April 2012. For the first four months of the year, the number of Licking County homes listings coming on the market totaled 1,078, up 5.6 percent over the same period last year.

The number of Licking County home listings going in contract in April 2013, totaled 257 homes. The inventory of homes for sale in Licking County in April 2013 was 971, with 6.8 months supply of inventory.