August Home Sales Record High

Central Ohio home sales for summer 2013 stand at their highest point on record. Chris Pedon, Columbus board of REALTORS president, states that "home sales over the summer were off the charts." He notes that only one summer (2005--the height of the housing boom) even came close to seeing the same volume of home sales. Homes sold from January-August of this year exceed those that sold during the same time in 2012 by 23%, and also surpass those of any prior year. The 2,729 home sales in August of this year marks another record high, exceeding August 2012 home sales by 11%. School systems are noticing this trend, indicated by increased student enrollment in many major school systems such as Dublin, Olentangy, Hilliard and Westerville. While inventory is slowly increasing and home sales are slightly declining from earlier summer months such as July, demand still outnumbers supply. Pedon advises homeowners who have considered moving to move now, before demand further declines. Read the full housing report here.

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