Columbus and Central Ohio June 2012 Residential Homes Sales Report

Posted July 20, 2012

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. Average price is up 8.7% to $186,327 from $171,431 last year. Average price per square foot is also up slightly to $92.83 from $85.36 last June.

Unsold inventory is 12,053, down 32.8% from the 17,948 last year. This is right around six months of inventory, which is as ideal as it gets. Seldom do we see a balanced market, but that’s what we have.

“Inventory levels rose steadily during the housing boom and rose even more quickly in the boom’s aftermath,” said Jim Coridan, president of the Columbus Board of REALTORS®. “The significant increase in homes for sale and lack of same for buyers transformed central Ohio into a buyers’ market. But with the steady decrease in inventory over the last two years, and increased buyer interest, we’re back to more balanced market levels.”

http://www.10kresearch.com/sortable/Columbus-OH/2012-06/Entire-MLS.pdf

http://www.10kresearch.com/sortable/Columbus-OH/2012-06/main.htm

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