Friday, April 24, 2015

Home Sales and Prices Keep Rising in LC!

903 Shelbourne Place went into contract in March.
Licking County’s average home sold price was $156,492 for the first quarter of this year, up 10.1% over the first quarter of 2014. There were 374 existing homes and condominiums sold in this year’s first quarter, down .5% from last year’s first quarter when there were 376 homes sold.  
 
The inventory of homes and condos for sale in Licking County was 680 at the end of March, with a 3.8 months supply of inventory. There were 295 new listings in March, up 6.5 percent from March 2014.  
The average sale price of a Licking County home during the month of March was $152,177, which is a 6.6 percent gain over March 2014.  There were 157 homes sold in Licking County in March, a 12.9 percent increase over March 2014. Homes sold in March, had spent an average of 83 days on market (from listing to close), down 27.8% from 115 days in March 2014.
The statistics are provided by the Columbus Realtors® Multiple Listing Service (MLS).