How long will it take to sell your Columbus home? It's a buyers market in Central Ohio so it may take awhile depending on how you price your home. "Priced to sell!" sometimes means the home is priced low for the market, or sometimes it means nothing.

Sometimes you hear about absorption rate, how long based on current sales will it take to absorb the inventory of homes on the market.

Franklin County Market Report through October 2007

The graph above is based on closed sales for Franklin County and is showing 11 months worth of inventory. The third line of info in the big table on the Market Report (green bar graph) relates to this graph.

Delaware County Market Report through October 2007

The graph and table for Delaware County show 12.8 months based on the inventory at the end of October.

Is this accurate? Not really, it does not take into consideration homes that did not sell and homes that were relisted (the Columbus Board of Realtors multiple listing service does not add the archived history back in.)

Of course the time on market will vary greatly by neighborhood... location, location, location...and condition and amenities. And competition.

Market Analysis Request for Central OhioCopyright 2007 Discover Columbus and Maureen McCabe

Find a Central Ohio home in this buyers market

The table and graphs are from TrendGraphix. Real Living HER is the only company in Central Ohio that uses TrendGraphix. The numbers are from the Columbus Board of Realtors multiple listing service.

Maureen McCabe Real Living HER

This is "greater Columbus area." It may be even greater than greater Columbus as far as many are concerned. This market report is for Frankling and Delaware Counties only. Those are the main counties I work in in Central Ohio.

These numbers include communities such as Columbus, Delaware, Dublin, Gahanna, Grandvioew Hights, Hilliard, Lewis Center, Minerva Park, Powell, New Albany, Riverlea, Sunbury, Upper Arlington, Westerville, Worthington and others. The graph and table are single family and condominium homes sales and inventory for the two counties for the past fifteen months through the end of September 2007.

Inventory is down slightly since the end of August 2007 and up from where we were at this time last year. It's a great time to buy a home in Greater Columbus! It's a buyers market.

Columbus is one of the most stable housing markets in the United States.

Franklin County real estate inventroy is up. Sales of homes and condominiums were down from a year earlier for the entire county. It is a buyers market over all in Franklin County. There is just over 11 months of inventory available based on closed sales through the month of September 2007. Columbus, Dublin, Gahanna, Grandview, Hilliard, Minerva Park, Riverlea, Upper Arlington Westerville and Worthington are some of the Franklin County communities included in the table below. The numbers include single family homes and condominiums.

Franklin County Graphic

Profile of some Franklin County communities (Delaware County also)

Search for Franklin County homes

Find a home in Franklin County Ohio

The graph and table of Franklin County 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.

Copyright 2007 Discover Columbus and Maureen McCabe