COLUMBUS, Ohio – Home sales in September indicate a rebound in the central Ohio housing sector is maintaining its momentum, but a supply squeeze makes it a seller’s market.
Sales last month were 13.1 percent higher one year ago, and sales for homes and condos through the third quarter were the second highest on record for the first nine months of a year, according to data released Monday by the Columbus Board of Realtors.
The number of homes on the market last month remained higher than much of the year, but still lags behind last year’s inventory by 5.9 percent, creating a higher demand and rising prices.
“If you’re a homeowner who has considered moving up or downsizing, you don’t need to wait. Today’s market offers solid advantages,” board president Chris Pedon said.
Prices maintain their climb as demand continues to exceed supply. The average sale price of a home in September was $174,735, up 4.2 percent from one year ago.