The Columbus Board of REALTORS® has stated that rents and house prices are on the rise in 2013. In a recent article Columbus Board of REALTORS® said,
“Central Ohio home sales for the first two months of 2013 were up 19.6 percent (2,878), compared to last year (2,406). There were 1,452 home sales in February, which is 14.9 percent higher than in February 2012.”
According to the President of the Columbus Board of REALTORS®, Chris Pedon Columbus hasn’t “seen sales increases like this since housing peaked in ’06 and ‘07.”
Pedon added, “The combination of increased sales and low inventory will drive up home prices in the months to come. As we head into the buying season, we’re going to see sellers get much more aggressive with their pricing.” Affirming that Columbus is transitioning from a buyer’s market to a seller’s market.
Click here for the whole article on the Central Ohio Housing Report, including the Local Market Update.
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