I am asked that question numerous times a week. Well, the sky is NOT falling!! Homes are selling and values are up!

Statistics show that as of 8/24/2007, there were reported 261 homes for sale in the Columbus Board of Realtors Multiple Listing Service on the market in the Clintonville area. Since 1/1/2007, 356 homes sold , with the average price being $198,442 and the days on market averaging 85. Looking back to the same time period in 2006, 406 homes sold with an average price of $195,133 and the days on market averagied 79 days.

So sold prices increased 1.7%! While the days on market increased by 9 days, the overall market remains healthy. In looking at markets, the absorption rate looks at how long it would take for the market to sell all the existing inventory. As of 8/24/2007 the Clintonville market has a 5.8 month supply of homes on the market. Experts point out that an absorption rate of 6 or more months shows an over supplied market.

In conclusion, homes are selling! Properly priced homes, in good condition, attract serious buyers who are ready to move to the Clintonville community.

With interest rates still at historic low levels and a good supply of homes on the market, NOW is an excellent time to consider buying a Clintonville home.

If we can be of any service , please do not hesitate to contact us!

Joe Jackson, Realtor CRS e-PRO

Keller Williams Capital Partners Realty

500 W. Wilson Bridge Rd, Suite 260

Worthington, OH 43085

(614) 431-1220 Direct

(614) 888-8943 Fax

rjoe@kw.com

 

www.JoeJacksonRealtor.com