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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