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Real Estate Market Minutes for January – Central Ohio

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.

 

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