Central Ohio Housing Report - June 2012

Central Ohio Housing Report - June 2012

Posted: 7/19/2012

Columbus Board of REALTORS®

Central Ohio inventory back to pre-boom levels

Inventory levels in central Ohio have been declining over the past year and now stand at just over 12,000 - almost 33 percent less than one year ago and 40 percent less than July 2007, the highest month on record according to the Columbus Board of REALTORS®.
There were 3,344 residential homes listed for sale in June 2012, 6.8 percent fewer than were listed during the same month last year. Total residential inventory in central Ohio is 12,053, the lowest since 2003.
“Inventory levels rose steadily during the housing boom and rose even more quickly in the boom’s aftermath,” said Jim Coridan, president of the Columbus Board of REALTORS®. “The significant increase in homes for sale and lack of same for buyers transformed central Ohio into a buyers’ market. But with the steady decrease in inventory over the last two years, and increased buyer interest, we’re back to more balanced market levels.” ............

read the rest here:  Housing Report June 2012

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