Worthington Ohio real estate

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Columbus Board of REALTORS® Report: area home sales down...

Columbus Business First says  "Report: Area Home Sales Down 3%  in January"  that "report" is according to the Columbus Board of REALTORS®

Keep in mind the area the area....  "The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Madison, Morrow, Pickaway and Union Counties and parts of Champagne, Clark, Hocking, Licking, Fairfield, Knox, Logan, Marion, and Ross Counties. "  I don't cover anywhere near that much territory.

Home sales down 3%?  or maybe not.  The Columbus Business First article says

"More detailed statistics on the board’s coverage area" .... "likely will be released later this week as the organization puts the finishing touches on a more comprehensive report."

I try to look more closely at nearby northern Franklin and southern Delaware county sales and market trends personally.  I focused on inventory this month, using the lovely aqua "homes for sale" graphs from Trendgraphix but I did in most cases comment on sales up or sales down:

Dublin home sales down 7.1%

Olentangy schools home sales up 11.4%

Westerville home sales down 11.4%

Worthington home sales down 8.3%

Above are home sales by school district... There is a difference I use single family homes and the board reports residential sales (condos, single family, and  townhomes combined.)

Worthington condominium sales were up 50% in January 2011!

Maybe condo sales throughout Central Ohio rallied.

Usually CBR members are mailed a report at the same time it is sent to the media...  not this month.  Or at least I have not received anything. There is not a news release posted on the board site for this announcement either.  The Columbus Board of Realtors describes themselvers as "the voice of real estate in Central Ohio"... and provides the media (and usually members) the numbers at the end of the month.  I always wonder if there is a reconciliation process from the early numbers that Trendgraphix has avaible about the 7th or 8th of the month and what the Columbus Board of REALTORS ...  says officially toward the end of the month.

Columbus Board of REALTORS® vs. the rest of the US:

"The National Association of Realtors said U.S. existing home sales were up a seasonally adjusted 5 percent from a year ago, the first time in several months the market has seen an increase."

 

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Comment balloon 2 commentsMaureen McCabe • February 23 2011 05:06PM

Comments

Oh my goodness, Maureen, you're gaining on a million points.  Who could have imaginted that when we started?!?!

All real estate is local, so I'm guessing there are some neighborhoods that aren't down, and maybe even up.

Posted by Margaret Woda, Maryland Real Estate & Military Relocation (Long & Foster Real Estate, Inc.) over 9 years ago

Olentangy schools single family home sales are up...  Worthington schools condo sales are up...  one of my favorite zip codes (I play favorites)  home sale were down 50% but I kinda wonder if some of it shows up as a loss one month and a gain the next because people get busy at the end of the month.  TG used to come out about the 10th and they moved it up.  It's been coming out about the 7th of the month.  If they are providing the data and the ability to make graphs on the 7th and the CBR is reconciling data to be released late in the month, it will look very differerent.    

:- )

Posted by Maureen McCabe, Columbus Ohio Real Estate (HER Realtors) over 9 years ago

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