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Trends and Patterns From the October Market
Manage episode 167470324 series 1041635
Susanne Casey에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Susanne Casey 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Today we'll discuss the market stats and trends that we just received for the month of October. You might be interested to see what's happening if you're a buyer or seller.
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I wanted to drop by with an update on the Central Ohio real estate market.
In October, there were 2,574 homes and condos sold in our market, which is a 5.4% increase over the same time last year. However, this marked a 10.3% decline from this September. This decrease is due to fewer homes for sale on the market, not because of softening demand or higher interest rates.
In October, the median home sale price was $169,000, which was a 9.4% increase over the previous year. Remember, the median is the midpoint, meaning half the homes sell for less, while half the homes sell for more. That means that more higher-priced homes are selling this year. The median is a better storyteller than the average.
However, if you're concerned about the average, it went up to $199,000. That's a 9% increase over last October. The number of homes for sale in our market was 5,963, which was a slight decrease from September and a 22.4% drop from the same month last year. We desperately need inventory!
Decrease in sales is due to low inventory, not softening demand or higher interest rates.
There were 2,831 homes and condos added to the market this October, which marks a 2.2% dip, and there are still plenty of buyers out there who want and need good inventory to choose from. It's just another good reason to sell this winter. During October, homes and condos spend an average of just 37 days on the market, which is only three days longer than in September and 13 days fewer than last October.
If you have any questions about our market or you'd like more information about your specific neighborhood, give me a call or send me an email. I'd be happy to help you out.
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