April home sales set record high
(May 22,
2013) Central Ohio home sales last month (2,390) showed an increase of 30
percent in the market from one
year ago (1,834). According to the Columbus Board of REALTORS®, April saw the
highest number of home sales on record, followed by the 2,286 homes sold in April of 2004.
In
addition to the increases in sales, home prices continue to rise also. While
the average sale price has increased
every month in 2013 from $149,477 in January to $163,084 in April, the average
sale price year-to-date ($156,386) is up almost one and a half percent from 2012.
“Even
with more homes being sold and sale prices up, the average time on the market
continues to fall: down over 20
percent from a year ago”, said Chris Pedon, 2013 president of the Columbus
Board of REALTORS®. “With
such excellent market conditions, we’re seeing inventory move quickly.”
There
were 3,965 new listings added to the market in April, up 8.9 percent from April
of 2012. New listings also saw
increases from one year ago, and have been rising every month this year.
“Central
Ohio continues to see improvement in nearly every aspect of the market,” Pedon
continued. “We have not seen
the number of new listings this high in any month since April 2010.”