Market Report Franklin County - August 2007
This graph matches the numbers in the table below. Both represent sales and inventory (houses for sale) in Franklin County for the past 15 months. The light green bars are inventory, the dark green bars are sales. The red line in the graph is pended (under contract homes.) The statistics are through the end of July 2007.
Click on the bar graph and it will show you the detail:
1490 properties sold in the month of July. 665 more properties than in July 2006.
There are 8.6 months supply of homes on the market based on July home sales (closed) in Franklin County.
Average list price was down $4.00 in 2007 over July 2006.
Average price per square foot was down by $3 from a year earlier for the homes that sold in the month of July 2007.
Homes sold within 97% of list price in July 2007, look across the table it is virtually unchanged. Homes need to be priced to sell.
Days on market is up four days from July 2006 at 95 days on market in July 2006.
Median home price at the end of July 2007 is identical to July 2006.
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The graph and table of Franklin 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.
| Date | 5/06 | 6/06 | 7/06 | 8/06 | 9/06 | 10/06 | 11/06 | 12/06 | 1/07 | 2/07 | 3/07 | 4/07 | 5/07 | 6/07 | 7/07 |
| For Sale | 11500 | 11747 | 12147 | 12324 | 11952 | 11732 | 11075 | 9606 | 10159 | 10323 | 11102 | 11798 | 12195 | 12689 | 12812 |
| Sold | 1584 | 1785 | 1413 | 1704 | 1333 | 1215 | 1096 | 1059 | 930 | 984 | 1210 | 1327 | 1627 | 1650 | 1490 |
| Pended | 1680 | 1640 | 1511 | 1560 | 1254 | 1190 | 1082 | 966 | 1108 | 1062 | 1402 | 1557 | 1777 | 1523 | 1380 |
| Months of Inventory based on Closed Sales | 7.3 | 6.6 | 8.6 | 7.2 | 9.0 | 9.7 | 10.1 | 9.1 | 10.9 | 10.5 | 9.2 | 8.9 | 7.5 | 7.7 | 8.6 |
| Months of Inventory based on Pended Sales | 6.8 | 7.2 | 8.0 | 7.9 | 9.5 | 9.9 | 10.2 | 9.9 | 9.2 | 9.7 | 7.9 | 7.6 | 6.9 | 8.3 | 9.3 |
| Avg. Active Price | 204 | 202 | 200 | 198 | 198 | 196 | 190 | 188 | 189 | 191 | 193 | 197 | 199 | 198 | 196 |
| Avg. Sld Price | 172 | 184 | 177 | 173 | 165 | 165 | 160 | 167 | 160 | 150 | 160 | 160 | 165 | 175 | 174 |
| Avg. Sq. Ft. Price | 107 | 110 | 109 | 106 | 102 | 102 | 99 | 101 | 98 | 97 | 101 | 100 | 102 | 107 | 106 |
| Sold/List Diff. % | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 96 | 96 | 96 | 97 | 97 | 97 | 97 |
| Days on Market | 92 | 87 | 91 | 89 | 93 | 99 | 103 | 109 | 114 | 115 | 112 | 107 | 106 | 105 | 95 |
| Median Price | 145 | 154 | 144 | 142 | 139 | 135 | 135 | 135 | 133 | 132 | 136 | 137 | 143 | 146 | 144 |