Market Report Delaware County - August 2007
Click on the graph at the left to open it up. The light green bars are inventory, the dark green bars are sales. The red line in the graph is pended (under contract homes.)
This graph and the table below are Delaware County homes (single family and consominium for the 15 months ending July 31, 2007. There were less properties on the market in the end of July 2007 than there were at the end of June 2007. The previous year the inventory went up slightly from June to July.
There was 9.7 months of inventory of homes available at the end of July, identical to a year earlier. Months of homes available based on pended sales (in contract) is even worse (unless you are a buyer!) It is still a buyers market overall in Delaware County.
Pricing is identical to a year ago, when you look at list price however average sale price is $287,00 this year, was $326,000 a year ago. Average price per square foot is down about $8.
Days on market at the end of July was only up by a few days in 2007 over 2006.
Homes are selling within 97% of list price, so they need to be priced to sell.
Median price is down $24,000.
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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.
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| 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 | 2383 | 2406 | 2443 | 2381 | 2316 | 2288 | 2121 | 1796 | 1951 | 2017 | 2185 | 2354 | 2458 | 2471 | 2441 |
| Sold | 271 | 333 | 251 | 269 | 221 | 195 | 182 | 151 | 148 | 182 | 222 | 216 | 259 | 326 | 251 |
| Pended | 300 | 285 | 233 | 249 | 212 | 191 | 168 | 146 | 206 | 193 | 218 | 266 | 270 | 286 | 207 |
| Months of Inventory based on Closed Sales | 8.8 | 7.2 | 9.7 | 8.9 | 10.5 | 11.7 | 11.7 | 11.9 | 13.2 | 11.1 | 9.8 | 10.9 | 9.5 | 7.6 | 9.7 |
| Months of Inventory based on Pended Sales | 7.9 | 8.4 | 10.5 | 9.6 | 10.9 | 12.0 | 12.6 | 12.3 | 9.5 | 10.5 | 10.0 | 8.8 | 9.1 | 8.6 | 11.8 |
| Avg. Active Price | 369 | 373 | 373 | 376 | 375 | 374 | 375 | 369 | 372 | 376 | 373 | 372 | 377 | 370 | 374 |
| Avg. Sld Price | 288 | 302 | 326 | 299 | 309 | 267 | 281 | 308 | 285 | 298 | 275 | 302 | 277 | 297 | 287 |
| Avg. Sq. Ft. Price | 123 | 125 | 128 | 124 | 125 | 119 | 117 | 118 | 118 | 119 | 115 | 123 | 119 | 121 | 120 |
| Sold/List Diff. % | 97 | 98 | 97 | 97 | 95 | 96 | 95 | 96 | 96 | 96 | 97 | 97 | 97 | 97 | 97 |
| Days on Market | 113 | 100 | 111 | 106 | 115 | 124 | 124 | 141 | 139 | 134 | 137 | 109 | 124 | 118 | 114 |
| Median Price | 235 | 267 | 274 | 246 | 260 | 225 | 236 | 265 | 233 | 252 | 245 | 242 | 237 | 263 | 250 |
