News flash: the central Ohio housing market is booming! According to a new report released by the Columbus Board of Realtors, May 2015 home sales for central Ohio were up almost 18 percent from the previous month, and grew 8.4 percent compared to May 2014. The Board also reports that the number of home sales for the first five months of this year are the highest on record, according to data from the Columbus Multiple Listing Service (MLS).
Columbus REALTORS® President Kathy
Shiflet believes this surge will last, stating “There is an
incredible amount of buyer interest right now, and no one is wasting
any time purchasing a new home...I don't anticipate [it] waning any
time soon.”
Homes are also selling more quickly. In
May 2015, central Ohio homes only spent an average of 54 days on the
market before they closed. This average is down 11 days from May
2014.
And the good news doesn't stop there. Average sales prices of central Ohio homes are also on the rise. May 2015 saw a 9.1 percent increase from last May.
No matter how you look at it, this is
great news for central Ohio homeowners. Shiflet summed it up best
when she said “It's simply a terrific time to sell your home!”
If you're considering selling your home, visit my website and contact me to see how I can help. I am a full time Realtor with a 100% focus on serving Sellers (and Buyers!) in Central Ohio.
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