Columbus Realtors has recently released data on the state of the housing market for Central Ohio this summer. According to their report, home sales in Central Ohio continue to outpace prior years.

3,091 Central Ohio homes and condos were sold in May 2016, a 15.7 percent increase over April 2016’s sales and a 2.4 percent increase over May 2015.

Homes are also spending less time on the market, on average, compared to last year. As part of the summertime rush, Central Ohio homes have only spent an average of 44 days on the market.

Finally, home sale prices are reaching record highs this summer. Average sale prices for Central Ohio homes currently sit at $211,974. This is a 6.3 percent increase in average sales price from last year.

So, what does all of this mean for Marysville homeowners contemplating putting their home on the market?

Columbus Realtors President John Royer summed it up best:  “With inventory low and prices high, it’s a good time to list your home,” adds Royer. “But sellers still need to be realistic when it comes to pricing. We have buyers ready and willing. But they aren’t going to spend more than what the home will appraise for.”

The good news is you probably won’t have to worry about your home sitting on the market for too long. But, as always, it’s important to be realistic and keep an eye on the market when it comes to setting a price.

Are you thinking about putting your home on the market in Marysville? Or are you thinking about moving to our great little town? Click here for more info!

 

 

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