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Finally some very encouraging news from the Board of Realtors about our real estate market. The numbers are in for February and it looks like the market has started to turn around. The number of contracts written for February topped the last three months as well as the same time last year in February. The housing activity started when the mortgage interest rates were dropped in January this year. The Columbus Board of Realtors and many Realtors felt many buyers were waiting for this drop. Many buyers were able to qualify for their first home with this drop in interest while some others jumped at the chance to move to a larger home. While contracts increased, actual sales decreased by 5.8% from last year same time and same months. This is probably a carry over from the lack of activity during the holiday season and the first of the year.

The average price of a Central Ohio home last year in 2007 was $164,397. Then average price last month was $154,497. The very important issue is that there was fewer homes listed for sale in February 2008 (3538) compared to January (3812) and February 2007 (3417). The total number of homes listed for sale is now lower than the inventory level one year ago.

As Central Ohio inventory levels have been roughly 30% higher than normal for the last year or so, any leveling off in new listing is a welcome sign for the market as a whole. Quoting Greg Hrabcak, President of the Columbus Board of Realtors,” the fact that the supply has been significantly greater than the demand has resulted in lower sale prices, lengthier sales listing periods and a general concern about housing.” But housing, like most economics sectors, is cyclical. This buyers market won’t last forever.” Looks like he was exactly right as I see this buyers market ending very soon.

So, to all you’ve read in the newspaper, television and on the internet, that’s always bad, I would like for you to read about all the positives that are happening right now. Real Estate is alive and well. But, if you still want to read about the doom and gloom, I’m sure our news media will be happy to report this. They are part of this problem as they feel we only want to hear BAD news. Well I think they are wrong, we want to hear the truth.

Dora Clifford
Broker/Owner
Clifford Realtors

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All Columbus Ohio MLS and Central Ohio MLS Listings available. View all the available listings from area real estate companies customized to your personal search criteria. New updates on homes that fit your criteria sent to you each day FREE of charge.

Central Ohio Real estate has changed over the last few years in Columbus. If you visit downtown Columbus you will find condos and lofts. Nationwide Plaza and Columbus Short North are especially good for offering real estate sales of condo and lofts. Pricing usually starts in the low $200,000. In Columbus Ohio the prices have remained strong and even increasing in most areas. Columbus Real Estate has been experiencing a buyers market right now but homes remain strong with increases in the  range from 2% up to 4%. each year.

The rehab or investment market is excellent in Columbus. These properties can be bought starting at around $40,000 and up and can be found on the Columbus Ohio MLS and through our listings of Foreclosed homes in Central Ohio.

Single family real estate is still our strongest market and can range to over $900.000 depending on what area of Columbus you are interested in. Visit Columbus Ohio MLS  Multiple Listing Service to see all the home listings in Columbus OH. Columbus Ohio is growing in leaps and bounds so real estate is still the best investment in your future.  Call 614-367-1200 for more information or find out the best site to get all the MLS listings and information.

Worthington Ohio Information

Worthington was settled in 1803 by several New England Families from the Farmington River Valley of Connecticut and Massachusetts, under the leadership of pioneer businessman James Kilbourne. In 1802, Kilbourne organized a group of men to form the Scioto Company and headed West from Granby, Connecticut to explore and find land to create a new community. With help from his friend Thomas Worthington, Kilbourne purchased 16,000 acres of land on behalf of the Scioto Company for $125 and acre. when Kilbourne returned to New England, he planned the lay out of the village. He platted a New England type village of 164 lots around a central public square, which was designated for religious and educational purposes, as well as a spot for community gatherings.

In September of 1803, eleven families left their Connecticut homes and traveled by wagon train to their new home in Ohio. It took six weeks for the families to travel the 600 miles to their new home, arriving in October of 1803. They named their new village Worthington, in honor of Thomas Worthington, one of Ohio's first senators and a future governor of Ohio for his assistance in locating the tract of land that would become Worthington.

Worthington today prides itself in strong community spirit and excellent qualify of life. Worthington's school district today serves over 9000 students and consistently earns the highest  on the States School District Report. Worthington's elegantly restored shops still draw crowds with their small town charm. Residents of Worthington say that it is an ideal place to work and raise a family. This contributes to the stable market in real estate with home values remaining high.

New Albany Information

The village of New Albany was founded in 1837, but came to life only in the last two decades. This is the result of the passion of the people who believe it is just not where you live, but how we live. Thoughtful attention to details of all aspects of daily living have created a pedestrian friendly village committed to education, culture and leisure that enriches families and business.

New Albany prides itself on being a very safe community. The New Albany police department moved to their new state of the art building in 2007. Mark Cheney, Chief of Police, provides monthly reports as well as annual reports on the New Albany web site. He welcomes any comments or questions at 614-855-1234.

New Albany is the kind of place where you are likely to run into the Mayor or CEO of a multi-national company at the coffee shop or Market Square.

New Albany boasts a nationally ranked school system, a state of the art performing art center, leisure trails, parks, tree lined streets with white horse fences and the 27 hole Jack Nicholas championship golf course. These are just a few reasons people love New Albany.

New Albany population in 2000 was 3711 and in 2006 has grown to 6345. Even in our challenging market in real estate, New Albany homes have maintained and in many cases have increased their value and are still very much in demand.

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