New inventory in January 2015: 2283
Up 51% December 2014
Up 4.8% January 2014
Total number of residential properties for sale in Central Ohio: 7048
Down 14.9% compared to January 2014.
There were 1,317 homes and condos sold in January 2015
Down 6% from January 2014
Down 32% from December 2014. Primarily due to decreased inventory.
Average sales price during the month of January: $175,692
Up 10.6 % compared to 2014. More expensive houses are selling.
On a national level, existing home sales are forecasted to rise about seven percent in 2015, behind a strengthening economy, solid job gains and an increase in home prices, according to National Association of REALTORS® Chief Economist Lawrence Yun.