Home sales, pricing and inventory remaining consistent Average sales price increases slightly from July, down just 3.8 percent from ‘08
Home sales dipped slightly in August while inventory, average sales prices and days on market all showed important signs of a healthy housing market, the Columbus Board of REALTORS® said today.
August home sales were off by 7.9 percent compared to August 2008, with a total of 1,994 sold, while inventory and the average days on market both declined.
The average sales price crept up in August to $168,873, from an average of $167,039 in July and was down only 3.8 percent compared to August 2008.
“Affordable pricing, historically low interest rates and incentives including the $8,000 first-time homebuyer tax credit are all positively impacting the central Ohio housing market,” said Gary Parsons, president of the Columbus Board of REALTORS®.
“Pricing has remained consistent this summer while inventory and the length of time homes are for sale is trending downward, illustrating how competitively-priced homes are keeping central Ohio’s housing market balanced,” Parsons said.