reprinted from the Columbus Board of Realtors website
The 2,093 homes sold last month represented a 22.8 percent increase over the previous month and a 39.1 percent increase over April of 2009. Home sales for the first four months of the year were up 20.6 percent over sales in January through April of 2009, according to the Columbus Board of REALTORS®.
The average sale price for central Ohio homes is $152,547 which is 7.6 percent higher than the previous year. Homes in April sold for an average of $158,600 which is 6.2 percent higher than April of 2009.
“Market activity in April was hectic to say the least as buyers were moving quickly to take advantage of the home buyer tax credits which expired April 30,” said Sue Lusk-Gleich, President of the Columbus Board of REALTORS®. “However, we want to make sure that those who were actively serving in the military and foreign service can still take advantage of the tax credits.”
“The home buyer tax credit remains in effect an additional year for military personnel and foreign service employees deployed overseas for 90 days or more between January 1, 2009, and April 30, 2010. They can still claim the credit if they sign a contract on or before April 30, 2011, and close on or before June 30, 2011. The extended benefit could be helpful to members of the military ending tours of duty in Iraq and Afghanistan, among other places, as well as sailors returning from naval deployments across the globe.”
Another 4,713 homes were listed in April bringing the total inventory of central Ohio homes for sale to 15,548.
According to Lusk-Gleich, “This level of inventory is exciting for those buyers looking for their first home as well as those interested in moving. And with home prices inching back up and mortgage interest rates predicted to rise, those buyers should take advantage of the housing market quickly.”
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