DQ News reported solid gains for the first month of 2013 with 16,058 new and resale homes sold in January. This number is down 20.8 percent from December 2012, but up 10.6 percent from a year ago, January 2012. It’s the highest home sales for a January in six years. The median price at $321,000…
New data show major rebound in both commercial and residential construction led almost entirely by multifamily and single family development. Developers and builders started construction on the highest number of single family homes and apartments since July 2008. Multifamily rose 10% in October 2012 to an annualized rate of 285,000 units. Single family building application…
According to DQ News, home sales in Loa Angeles and Southern California rang in at 17,859, which is a 20.4 percent drop from the 22,438 sales in August 2012 and down 1.6 percent from 18,149 in September 2011. Although it’s normal for a sales drop from August to September, the steep drop this year is…
According to DQ News Southern California home sale rose for the seventh consecutive month to 20,588 for the month. This was down 6.7 from the 22,075 in June, but up 13.8% from July of 20122. The median price also rose to $306,000 and that’s up from the $300,000 from June and up 8.1% from the…
There’s continued good news for the Central Ohio market as homes sales were 2,429 for June 2012, up 18.1% from the 2,056 for June 2011. Sales for the first half of the year were 10,473, up from the first half for 2011 at 9,507. Median price was $155,250, up 15% from $135,000 in June 2011. …
Residential home sales are gaining strength in Columbus and Central Ohio according to the Columbus Board of Realtors. May 2012 homes sales were up for the fifth consecutive month to 2,070, up 5% from the 1,971 sales in May 2011. Year to date is 7,966 up 6% from 74,51 in the same time period last…
Columbus Board of Realtors reported April home sales numbers today and its looking good. Unsold inventory is down and has been falling for the past 18 months, units sold are up and prices are up sharply. Unsold inventory is down 30.7% from this time last year. The number of new listings are down 4.2 year…
A strengthening residential market seems to be the rule around central Ohio over the last year and its getting stronger. First quarter 2012 homes sales for Central Ohio were up 7.1 percent over first quarter 2011 with 4,045 this year versus 3.776 last year. The average price for March 2012 was $153,557, which is up…
Slow steady improvement was the name of the game in Columbus and Central Ohio for February 2012 residential real estate as 1,215 sales closed last month, which is a 5% increase over February 2011. Better yet is that the average sales price of $151,072 was 7.3% higher than same month last year. In addition, contracts…
Columbus and Central Ohio had 19,956 single family and condo home sales during the year 2011. There were 19,700 residential home sales in 2010. 2011 was only 1.3 percent behind 2010 according to the Columbus Board of REALTORS®. Remember that we had the Home Buyer Tax Credit in affect for the first six months of…
DQ News reported that 19,247 new and resale homes sold last month. That was up for December from November by 14% but down 1.4% from December 2010. Normally, sales are up from November to December because investors frequently want to close before year end. Distressed properties accounted for 52.5 percent of the Southern California residential…
The residential market is coming back across the state of Ohio so says Ohio Association of Realtors. The number of single family homes and condos put under contract brought the Pending Home Sales Index up to 135.9, up 33% from October. November marks the seventh consecutive month that pending homes sales rose. November saw 7,415…
I know I’ve been posting more residential real estate news over the last week or so than I have commercial. Commercial real estate pretty much shuts down this time of the year unless you have a year end closing. Plus, we’ve had some relatively bright residential news over the last week or so. The Commerce…
Homes sales in Central Ohio were 1,406 for the month and that’s up almost 7% over November last year. Homes going into contract increased 37% last month over a year ago making November the seventh consecutive month of increases. There’s still significant fall out due to appraisal and lending issues. Total sales YTD still lags 2010…
I read a piece on Inman News a few minutes ago that I find quite striking. This is further development on the build better, not bigger design theme that we’re seeing in urban infill areas throughout the country. We’re seeing a bunch of this kind of building in the periphery of our CBD here in…
NAR announced that according the Pending Home Sales Index, October’s 93.3 rating represents a 9.2% increase year over year, and all US regions show an increase. The gain in the Midwest was largest at 13.2% year over year. NAR’s latest economic forecast anticipates 4.97 million sales of resale homes in 2011, with home prices falling…
Homes sales in Central Ohio were 1,543 for the month and that’s up almost 8.6% over the 1,421 for October last year. Homes going into contract increased 46% last month over a year ago making October the sixth consecutive month of increases. Total sales YTD still lags 2010 by 2.1% when the Home Buyer Tax…
And again, there’s not much in the way of good news to report regarding home sales in Southern California for October 2011. DQ News reported that 16,829 new and resale homes sold last month, which is down 7.3% from September 2011 and up ½% from October 2010. Median price at $270,000 is down 4.6% from…
Homes sales in Central Ohio were 1,719 for the month and that’s up almost 17% over the 1,474 for September last year. Homes going into contract increased 58% last month over a year ago. Total sales YTD still lags 2010 by 3.7% when the Home Buyer Tax Credit was in effect. Year over year increases…
Once again, there’s not much in the way of good news to report regarding home sales in Southern California for September 2011. DQ News reported that 18,149 new and resale homes sold last month, which is down 7.7% from August and up 3/10ths % from September 2010. Median price at $280,000 is down 5.2% from…