June Stats Released: Sales strong, inventory incredible « How to Not Get Screwed in Real Estate

June Stats Released: Sales strong, inventory incredible

By Chris Harpster on July 28, 2010

June home closings in central Ohio continued to improve over last year, increasing by more than 10 percent to 2,315. Not only that but the number of days homes spend on the market and month’s supply are both down.

Despite that, the number of homes in contract slumped to 1,309, a 19 percent decline over this time last year. “It’s not surprising that in the wake of the home buyer tax credits, prospective home sales may slip,” said Sue Lusk-Gleich, President of the Columbus Board of REALTORS®. “But what is truly revealing is the other indicators that show the continued growth of central Ohio’s market.”

http://columbusrealtors.com/NewsDetail.aspx?ID=378

Chris Harpster

My goal is to be known as a valuable resource for anyone who is thinking of buying or selling a new or existing home, refinancing, considering a home improvement, or anything else real estate related. Clients will learn about the home buying / sellin... Read more about this Author

Comments on June Stats Released: Sales strong, inventory incredible

lschottenstein says... August 3, 2010 | 11:32 am: I think a lot of this is due to timing of tax credits and moved transactions to earlier in the year. I teach classes to real estate agents and my sense is things have slowed down. I don’t think the market is going to have a significant drop and there is more good news then bad. I just don’t think things are going to improve significantly if you are a seller. Of course this is good news for buyers.