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

Greater Columbus? This may or may not be the Greater Columbus area, this is the entire Columbus Board of REALTORS MLS area. 

Some months I have called this market report Central Ohio.  Someone told me if I use the same title each month, it may confuse Google,  MSN, Yahoo etc.  Who knew?

The properties represented by the graph and table are all counties in the Columbus Board of REALTORS® Multiple Listing Service.   Accordng to the boards website: "The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Madison, Morrow and Union Counties and parts of Champagne, Clark, Licking, Fairfield, Knox, Logan, Marion and Pickaway Counties."  

 The months of inventory is very similar to Franklin and Delaware counties with over 10 months supply of housing.  The saverage sale price is down slightly.  Average days on market is up by 15 days over March 2006.  This is single families and condominiums for the past 15 months.

Community profile of Central Ohio Communities (primarily in Franklin and Delaware Counties)

Search for local homes

Find a home in Central Ohio 

I work primarily in Franklin and Delaware counties but have sold in Fairfield, Licking,  Madison and Union Counties.   

Graphics and table are from Trendgraphix. The data is Columbus Board of REALTORS® MLS.

Copyright 2007 Discover Columbus and Maureen McCabe

Columbus Board of REALTOR Tech Users Committee Member? 

Join us on Active Rain... for the spider hunt....

Copyright 2007 Discover Columbus and Maureen McCabe

Westerville Market through February 2007.

Sales were up in February,  inventory is down.  Westerville's market looks like one of the best in Central Ohio... for sellers with only 4.4 months supply of inventory (homes and condominiums) based on February sales.   

The number of days on market for Westerville homes is virtually unchanged since this same time in 2006. Prices are stable...

Profiles of Westerville and other Central Ohio communities 

Search for Westerville homes

Find a home in Westerville Ohio

The graph and table of Westerville real estate sales and inventory are from Trendgraphix. The data is from the Columbus Board of REALTORS® MLS.  These statistics are single family and condominium properties only and are within the City of Westerville. 

Copyright 2007 Discover Columbus and Maureen McCabe