LC Home Sales and Price Keep Rising

1479 Naughtingham Rd. is listed for sale for $169,900 in Newark.

Licking County’s average homes sold price was $168,919 for the first 11 months of this year, up 4.4% over Jan. – Nov. of 2014. There were 2,087 existing homes and condominiums sold in this year’s first 11 months, up 11.2% from the same time period last year. 

Homes sold in the first 11 months of this year, had spent an average of 71 days on market (from listing to close), down 14.5% from 83 days for the first 11 months of 2014.

For the first 11 months of this year, there were 2,876 new listings, up 4% from Jan. – Nov. of 2014.  There were 184 new listings in Nov., up 32.4 percent from Nov. 2014. The inventory of homes and condos for sale in Licking County was 684 at the end of Nov., with a 3.5 months supply of inventory. 

The average sold price of a Licking County home during the month of Nov. was $161,600, which is a 0.1 percent gain over Nov. 2014.  There were 147 homes sold in Licking County in Nov., up 8.1% from Nov. 2014. There were 190 Licking County homes that went into contract with a Buyer in Nov.

The statistics are provided by the Columbus Realtors® Multiple Listing Service (MLS).