Home Sale Prices are up nearly 10% this year in LC

    Home Sale Prices are up nearly 10% this year in LC

    Sep 21, 2017

    Homes spent an average of 27 days on the market during the month of August, which is one day less than July and eight days fewer than August 2016. This is yet another record low for central Ohio, according to the Columbus REALTORS® Multiple Listing Service.

    “Homes have been selling in less than a month this summer” said 2017 Columbus REALTORS® President Mic Gordon “This is the fastest they’ve ever sold as buyers are wasting no time seizing an opportunity to purchase a home.”

    There were 256 Licking County homes and condos sold during the month of August, which is a 13.8 percent increase over August of last year. From January to August this year there have been 1,653 homes sold which is just less than 1 percent fewer homes sold from the same period last year.

    The average sales price of homes and condos during the month of August in Licking County was $199,874, which is 10.9 percent higher than August of 2016. Year to date (January through August), the average sales price was $192,070, which is 9.9 percent higher than the same period last year.  

     

    There were 304 Licking County homes and condos listed during the month of August, a 5.6 percent increase from a year ago. Even with the added listings, this left inventory at 525. Unsold inventory is at a 2.5-month supply at the current sales pace.

    

    There were 308 homes and condos that went under contract with a buyer in Licking County in the month of August. Licking County homes spent an average of 44 days on the market year to date Jan. - August, which is 12 days fewer than the same period a year ago.

     

    All statistics are provided by the Columbus Realtors.