July is the first month in 2009 where unit home sales in New Albany Ohio were equal to the number sold in 2008. 30 homes sold in New Albany this July, the same as was sold July ’08. At the end of the 1st quarter this year, unit sales were off the 2008 pace by over 50%. Through July, 2009, unit sales are off 25% – a marked improvement over 1st quarter.
As you can see in the chart below, TY/LY unit sales year to date vary tremendously by neighborhood. In the Plain Local school district, 127 homes have sold year to date this year compared with 170 homes sold through the end of July last year.
Inventory levels in the New Albany Plain Local School District are 18% lower than they were at this time last year. 2008 home sales and inventory numbers are available in our August 2008 Enewsletter. There are definitely opportunities for sellers in neighborhoods with depleted inventories. If you want information specific to your New Albany neighborhood (or Greater Columbus), please contact Kate & Tony Thomas
We hope the news continues to be good – we’ll keep you posted!
See you soon,