March home sales up 54 percent in central Ohio « How to Not Get Screwed in Real Estate

March home sales up 54 percent in central Ohio

By Chris Harpster on April 22, 2010

There were 1,704 central Ohio homes sold during March of 2010. This is 54.1 percent higher than the previous month and 25.3 percent higher than March of 2009. First quarter saw 3,873 homes sell in central Ohio which is 12.5 percent more than home sales during January through March of 2009.

There were 4,949 residential homes put on the market last month – a 44.3 percent increase over new listings the previous month and 32.8 percent higher than homes listed in March of 2009.

“The central Ohio housing market is on fire right now,” exclaims Sue Lusk-Gleich, President of the Columbus Board of REALTORS®. “There’s no question the home buyer tax credits have a lot to do with our market activity. But the significant increase in listings as well as rising sale prices are clear evidence that our local market is regaining its strength.”

http://columbusrealtors.com/NewsDetail.aspx?ID=328

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 March home sales up 54 percent in central Ohio

larry says... April 22, 2010 | 10:41 am: i expect sales to drop off in early May. There contracts that would have happened in May but due to the April tax deadline they are happening sooner. What I am not certain of is will sales drop long term due to the tax credit going away. Certainly time will tell if it did the trick or not. Last year buyers were not buying because they felt uncertain about many things. Prices continuing to drop, jobs, stock market and the economy. Now many of those issues are moving in the right direction so I am not hearing about buyers nervous to enter the market.