Delaware County Market Report through August 2007
Click on the graph that shows home sales and inventory and it will open up. The light green bars are inventory by month. The dark green bars on the graph are the properties sold by month. The red line is the number of homes that are “Pending” or under contract by month for Delaware County for the past 15 months. These are single family and condominium homes.
It’s a buyers market in Delaware County with 9.9 months of inventory on the market. A year ago at the end of Autgust there was 8.9 months inventory of homes available in Delaware County. Hopefully there were sales which were not reported and there is not more than 13 months inventory available based on ”Pending” sales.
Home sales in August were down slightly from a year ago. Inventory is up by 64 properties compared to a year ago, but virtually unchanged from the end of July 2007. The average list price is only down $3 from this time last year and average sale price is $12 lower than at the end of August 2007. Price per square foot is down $7.
Days on market is 7 days longer than it was at the end of August 2006.
Median sale price is up $7.
| Pended | 285 | 233 | 249 | 212 | 191 | 168 | 146 | 206 | 193 | 218 | 266 | 270 | 290 | 261 | 180 |
| Months of Inventory based on Closed Sales | 7.2 | 9.7 | 8.9 | 10.5 | 11.7 | 11.7 | 11.9 | 13.2 | 11.1 | 9.8 | 10.9 | 9.5 | 7.5 | 9.2 | 9.9 |
| Months of Inventory based on Pended Sales | 8.4 | 10.5 | 9.6 | 10.9 | 12.0 | 12.6 | 12.3 | 9.5 | 10.5 | 10.0 | 8.8 | 9.1 | 8.5 | 9.4 | 13.6 |
| Avg. Active Price | 373 | 373 | 376 | 375 | 374 | 375 | 369 | 372 | 376 | 373 | 372 | 377 | 370 | 374 | 373 |
| Avg. Sld Price | 302 | 326 | 299 | 309 | 267 | 281 | 308 | 285 | 298 | 275 | 302 | 277 | 297 | 285 | 287 |
| Avg. Sq. Ft. Price | 125 | 128 | 124 | 125 | 119 | 117 | 118 | 118 | 119 | 115 | 123 | 119 | 121 | 120 | 117 |
| Sold/List Diff. % | 98 | 97 | 97 | 95 | 96 | 95 | 96 | 96 | 96 | 97 | 97 | 97 | 97 | 97 | 96 |
| Days on Market | 100 | 111 | 106 | 115 | 124 | 124 | 141 | 139 | 134 | 137 | 109 | 124 | 118 | 115 | 113 |
| Median Price | 267 | 274 | 246 | 260 | 225 | 236 | 265 | 233 | 252 | 245 | 242 | 237 | 263 | 250 | 265 |
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The graph and table of Delaware County real estate sales and inventory are from Trendgraphix. Real Living is Central Ohio’s only subscriber to TrendGraphix. The data is from the Columbus Board of REALTORS® MLS. These statistics are single family and condominium properties only.
Copyright 2007 ColumbusBestBlog.com and Maureen McCabe