Licking County Home Sales up 62% in July

737 Midway Dr. Newark sold for $93,500 and closed Aug. 12, 2013.

Central Ohio home sales are breaking the records this summer. Year to date sales (15,988) are 24.2 percent ahead of last year and the highest for the first seven months of any year recorded by Columbus REALTORS®.


Last month’s 2,825 homes sales were the highest on record for the month of July – and the third highest month on record just slightly behind August 2005 (2,875) and June 2006 (2,872).


“We’re helping to bring together Buyers, who want to buy now, and Sellers who are ready to sell,” said Realtor Phil Frye and CENTURY 21 Frank Frye Real Estate General Manager.
 

Licking County saw 237 single family and condominium home sales in July 2013, a 62.3 percent increase from July of 2012, when 146 homes sold. In Licking County, 1,517 homes sold from Jan. - July 2013, up 23.1% from the same period last year.
 

In addition to the increase in sales, home prices continue to rise slightly. The average sold price for Licking County homes sold for Jan. to July 2013 was $149,407, up 1.5% from the same period last year. The average sold price was $159,286 in July 2013, an 8% decrease from July 2012, when the average sold price was uncommonly high at $173,078.

The average days on market for a house until sale was 85 days, from Jan. - July 2013, down 17.5% or 18 days compared to the same time period last year.
 

The number of Licking County home listings coming on the market as a new listing for July 2013 was 322, up 29.3%, from July 2012, when there were 249 new listings. For Jan. - July 2013, there have been 2,097 new listings in Licking County, up 17% from the same period last year. 

 

The number of Licking County home listings going in contract in July 2013, totaled 239 homes. The inventory of homes for sale in Licking County in July 2013 was 1,106, with 7.2 months supply of inventory.