July 7, 2011

New Albany Real Estate Stats – Mid Year

New Albany Real Estate is Back! All I can say is Wow! Sales of New Albany real estate continues strong and bucking the trend in Greater Columbus. For the first half of 2011, unit sales of single family homes are up 20% over same time last year. Unit sales in the Greater Columbus area are down 15% for the same time frame. Will it continue? The number of homes “in contract” at the end of June are up 50% over last year which leads me to believe that the New Albany trend will continue into the 3rd quarter. These stats are pretty amazing considering the inventory of homes available for sale in New Albany is down 23% over this time last year. Sustainability of the trend will depend on if we can rebuild the inventory of homes available for sale. If you’ve been thinking about selling but have been holding back, it looks like now is the time to get into the market! Call Kate or Tony Thomas today!

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