LC Home Sales Up 19.9% Over Last Year!

557 Seneca Ave. in Newark, OH went into contract in September and closed in October.

September home sales were 13.1 percent higher than last year demonstrating that housing demand in the Columbus region continues to remain strong. Sales for residential homes and condos through the third quarter rose 22.4 percent from last year and stand as the second highest on record for the first nine months of the year according to the Columbus REALTORS®.


“Buyers are still showing that they want to buy now, and Sellers are proving they are ready to sell in today's market,” said CENTURY 21 Frank Frye Real Estate Realtor and General Manager Phil Frye.

 

Licking County saw 164 single family and condominium home sales in September 2013, a 9.3 percent increase from Sept. of 2012, when 150 homes sold. In Licking County, 1,511 homes sold from Jan. - Sept. 2013, up 19.9% 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 Sept. 2013 was $151,155, up 2.4% from the same period last year. The average sold price was $152,793 in Sept. 2013, a slight decrease (-0.6%) from Sept. 2012, when the average sold price was $153,718.

 

The average days on market for a Licking County house until sale was 78 days, from Jan. - Sept. 2013, down 19.6% or 19 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 Sept. 2013 was 255, up 18.1%, from Sept. 2012, when there were 216 new listings. For Jan. - Sept. 2013, there have been 2,607 new listings in Licking County, up 16.4% from the same period last year.

 

The number of Licking County home listings going in contract in Sept. 2013, totaled 208 homes. The inventory of homes for sale in Licking County in Sept. 2013 was 1,077, with 6.7 months supply of inventory.