New Albany Real Estate Market Update

Hi All,
 
I thought you might be interested in the state of the New Albany Real Estate Market as we wrap up the 3rd quarter of 2019.  There’s always information in the news but real estate is so local that you can’t always apply national or even Columbus results with our own.  In the chart below you will see how many homes sold in many of our NA neighborhoods both in the 3rd quarter and year-to-date.

New Albany 3rd Quarter Overview (click for larger view)
Source: Columbus Realtor MLS through 9/30/19 
In most cases, the number of homes sold this year is lagging behind last years numbers.  I don’t think this means our market is slowing…rather, the fewer sales are a result of a lack of homes to sell.  The only exception to this is in the New Albany CC community above $1M.  That market has seen the months’ supply shift to a Buyer’s Market while the rest of NA remains a market favoring sellers.  I can send you the information on any neighborhood in Greater Columbus so if your neighborhood isn’t in the chart and you would like it, just let me know!
 
Market activity in October and November is generally strong, and inventory is dwindling making it a good time to consider selling if you’re considering a sale in the near future.  We’d love to talk with you if you are.  We always have time to update you on the market for your home so please let us hear from you! 

Happy Fall! 
Kate

M. Kate Thomas
Founding Partner
Thomas|Riddle Real Estate Group

Leave a Reply

Your email address will not be published. Required fields are marked *