Monday, March 23, 2015

LC Home Sale Prices Continue to Increase

127 W. Church St. is listed for sale for $97,500 with Century 21 Frank Frye Real Estate.
The average sale price of a Licking County single family home and condominium during the month of February was $168,611, which is a 14.7 percent gain over February 2014. Industry experts believe the higher home sold prices are attributed to a lack of homes for sale.
 
The inventory of homes and condos for sale in Licking County was 651 at the end of February, with a 3.7 months supply of inventory. There were 185 new listings in February, down 2.1 percent from February 2014.
There were 123 homes sold in Licking County in February, a 0.8 percent increase over February 2014. Homes sold in February, had spent an average of 102 days on market (from listing to close), down from 118 days in February 2014.    
The statistics are provided by the Columbus Realtors® Multiple Listing Service (MLS).