Jan. 25, 2008 - 2007 Home Sales - Central Ohio

2007 was the best year for buyers ever.... breaking news from the Columbus Board of Realtors about how homes sales in 2007 fared.

Low interest rates, good inventory.

"2007 best year on record for central Ohio home buyers"

"Interest rates, prices and inventory combined to make 2007 a memorable year for central Ohio home buyers according to the Columbus Board of REALTORS®."

That is from the Columbus Board of Realtors In Contract Magazine -December 2007 Home Sales.  There's a table showing 2007 vs 2006 statistically in the artlcle linked here.

Less high priced homes sold in 2007, according to the President of the Columbus Board of Realtors, Greg Hrabcak. 

"we had 22 percent fewer homes sell in the $1 million dollar range. Homeowners resistance to drop the price as well as lenders? temporary aversion toward jumbo loans likely had impact here." 

and

"we saw 124 percent more homes sell for less than $30,000.  Many of these lower priced homes were purchased by investors who recognized just how favorable the 2007 housing market was and took full advantage of these conditions."

I'd love to hear from you if you have a comment on the topic. All comments are moderated so you will not see your comment immediately. Thanks. Copyright 2008

Discover Columbus and Maureen McCabe