Franklin County Ohio Home Sales and Inventory through August 2006.

Inventory of homes for sale is higher than July 2006 but so were August sales so there is only 7.8 months of inventory on hand based on sold properties! There was 8.7 months of inventory at the end of July.

It's a great time for buyers to buy, lots of homes to choose from and the interest rates are still historically low.    

Days on market is down a couple of day, from 91 at the end of July to 89.  Homes are still selling within 97% of list price so homes have to be priced to sell.  Sellers who take the attitude  "let them make an offer" are doing themselves a disservice in this market.   

Source of Data is the Columbus Board of REALTORS® MLS.  Source of graphics and table TRENDGRAPHIX.  HER Real Living is the only brokerage in Central Ohio with access to TRENDGRAPHIX. 

The light green bars in the graph above are inventory by month, the dark green bars are sales by month.  Your browser may enlarge the graph if  you click on the image or the enlarged graph for Delaware County and a table with the last 15 months statistics is below.  The graphs are from Trendgraphix. HER Real Living is the only broker in Central Ohio who has access to Trendgraphix  illustations of our martket.   All HER Real Living agents have access to Trendgraphix.

There are other reports available.  I am kind of partial to the bar graph for sales and inventory.

2443 properties (single family homes and condominiums) were on  the market at the end of July 2006, in Delaware County.

234 Delaware county properties (single family homes and condominiums) closed in July 2006. 

There is a 10.4 month supply of homes based on the number of homes sold in July, 14.6 based on those that went in contract (pended) in July 2006.   The average days on market is up to 111 days, 12 days longer than at the end of June 2006.   111 days is 10 days longer than the average days on market for the same period in 2005. 

Delaware County properties are still selling within 97% of list price, which means your home must be priced right if you want it to sell.   

Your browser may open this graphic up if you click on it or there is a larger readable version below.

July 2006 inventory figures are out and graphed now. The dark green bars are sales, the light green bars are inventory.  There is a much larger, more readable graph below, along with a table of statistics for sales and inventory in the past 15 months.   

There is a lag time in doing the Trendgraphix graphs based on the sales and inventroy data as  sales are sometimes not turned in to the Columbus Board of Realtors on a timely basis.  This graph  represents all of the counties in the Central Ohio MLS.  "Data Source: Columbus Board of Realtors (CBS)"    HER Real Living is the exclusive source for Trendgraphix in Central Ohio. 

Real Living's new market analysis tool collects and illustrates MLS market data, enabling me (and all Real Living agents) to provide buyers and sellers with accurate information about the real estate market.

This new, powerful web-based tool helps us:  

Show market trends with an easy-to-understand chart
Illustrate a Seller's Market and a Buyer's market
Price listings right the first time 
Search up to 15 previous months for market data and an easy-to-understand chart 
Easily e-mail any report to my clients  
 

12147 listings (single family homes and condominums) are  on the market.

1324 listings (single family homes and condominiums)  closed in July.

There is a 9.2 months of  inventory of homes to sell in Central Ohio based on closed sales in July. 

There is a 10.4 month supply based on pended (in contract contingent, in contract non contingent) properties.

Average days on market is up 4 days from last month.

Average days on market is up 18 days from July 2005.  

Homes are selling within 97 % of list price..  You have to figure out what the market value of  your home is and price it right if you want to be one of the homes that will sell. 

 Stay tuned if you want to know the statistics for Delaware County! 

July 2006 inventory figures are out and graphed now. The dark green bars are sales, the light green bars are inventory.  There is a much larger, more readable graph below, along with a table of statistics for sales and inventory in the past 15 months.   

There is a lag time in doing the Trend Graphix graphs based on the sales and inventroy data as  sales are sometimes not turned in to the Columbus Board of Realtors on a timely basis.  This graph  represents all of the counties in the Central Ohio MLS.  "Data Source: Columbus Board of Realtors (CBS)"    HER Real Living is the exclusive source for Trend Graphix in Central Ohio. 

Real Living's new market analysis tool collects and illustrates MLS market data, enabling me (and all Real Living agents) to provide buyers and sellers with accurate information about the real estate market.

This new, powerful web-based tool helps us:  

Show market trends with an easy-to-understand chart
Illustrate a Seller's Market and a Buyer's market
Price listings right the first time 
Search up to 15 previous months for market data and an easy-to-understand chart 
Easily e-mail any report to my clients  
 

20219 listings (single family homes and condominums) are  on the market.

2088 listings (single family homes and condominiums)  closed in July.

There is a 9.7 months of  inventory of homes to sell in Central Ohio based on closed sales in July. 

There is an 11 month supply based on pended (in contract contingent, in contract non contingent) properties.

Average days on market is up 5 days from last month.

Average days on market is up 16 days from July 2005.  

Homes are selling within 97% of list price.. look at the third row from the bottom, 98, 98,... 97, 97, 97. 97.  What does that mean?  You gotta set the price right!  Those that price their property within 3% of market value are selling.   

Stay tuned for a breakdown for Franklin and Delaware Counties... above is those two counties, Licking County, Fairfield County, Madison County, Pickaway County, Knox County, Morrow County... parts of other counties...  Central Ohio, our whole Columbus Board of REALTOR® multiple listing service.