Jan. 15, 2008

Delaware County Market Report - December 2007

Delaware County real etate market report for 15 months ending December 2007.

Residential inventory in Delaware County was only up a 'smidgen" from December 2006 levels at the end of December 2007. Sales in December 2007 were only down by about 4% from 2006.

Pended (in contract but not yet closed) transactions were down sharply, from 146 in December 2006 to 96 in December 2007. Hope it's just unreported "in contracts"

Average active price was down $21,000 from 2006 and average sold price is down $32,000 from December 2006.  

Date	10/06	11/06	12/06	1/07	2/07	3/07	4/07	5/07	6/07	7/07	8/07	9/07	10/07	11/07	12/07
For Sale	2288	2121	1796	1951	2017	2185	2354	2458	2471	2441	2445	2387	2258	2115	1850
Sold	195	182	151	148	182	222	216	259	328	266	255	180	183	159	144
Pended	191	168	146	206	193	218	266	270	290	263	226	170	192	154	96
Months of Inventory based on Closed Sales	11.7	11.7	11.9	13.2	11.1	9.8	10.9	9.5	7.5	9.2	9.6	13.3	12.3	13.3	12.8
Months of Inventory based on Pended Sales	12.0	12.6	12.3	9.5	10.5	10.0	8.8	9.1	8.5	9.3	10.8	14.0	11.8	13.7	19.3
Avg. Active Price	374	375	369	372	376	373	372	377	370	374	373	371	345	345	348
Avg. Sld Price	267	281	308	285	298	275	302	277	297	285	289	271	264	267	277
Avg. Sq. Ft. Price	119	117	118	118	119	115	123	119	121	120	117	117	116	115	111
Sold/List Diff. %	96	95	96	96	96	97	97	97	97	97	96	97	96	96	95
Sold/Orig LP Diff. %	93	92	93	93	93	93	95	94	94	95	93	94	93	93	91
Days on Market	124	124	141	139	134	137	109	124	118	115	113	109	113	109	124
Median Price	225	236	265	233	252	245	242	237	263	250	265	229	200	218	240

Profile of selected Delaware County communities (some Franklin County communities also)

Buyers-Search for Delaware County Homes (Central Ohio)

Find a house or condo in Delaware County Ohio (let me know what you are looking for and I will set up searches for you. The houses will be emailed to you when they are listed or reduced in price.

Homeowners how much is your Delaware County property worth - request a market analysis.

The graph and table above are from Trendgraphix. The data is from the Columbus Board of REALTORS® MLS for the 15 months through the end of December 2007. These statistics are single family and condominium properties combined.

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