New Albany home sales in April continue to outpace sales for 2011, even with inventory levels significantly below last year. All signs indicate that the New Albany real estate market continues to stabilize.
Statistics for April New Albany Home Sales are recapped below:
2012 2011 +/-%
# of home sold 31 25 +24%
Average Sales Price $360 $345 + 4%
List/Sales Price Ratio 97% 96% + 1%
Days on Market 80 85 – 6%
New Albany is now a Seller’s Real Estate Market
The National Association of Realtors defines a Seller’s Market as one with less than a 7 month supply of homes for sale. There are currently only 122 homes for sale in the New Albany Plain Local School District. Using April’s sales rate of 31 homes sold, that means there is currently only a 4 month supply of homes for sale in New Albany! The market definitely favors sellers and is why prices are beginning to rise, homes are selling closer to the list price, and days on market is declining.
If you want to be part of this robust selling season, we want to talk with you! Contact Kate & Tony Thomas at New Albany Realty by calling 614-939-8944 or visit our website www.NewAlbanyOhio.com to access all homes listed for sale in New Albany and the Greater Columbus area.