New Albany Real Estate Market Analysis

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...

Will 2017 Be a Buyer’s or Seller’s Market?

A common question as we enter the new year is "Will next year be a buyer’s or seller’s market?" Most economists agree that 2017 will likely remain a seller’s market. In some of our neighborhoods, the answer is obvious — we have been playing “catch up” on inventory all year. I expect the New Albany market to continue to skew toward sellers well into 2017, even with...

Downsizing Tips – Ways to Make the Transition Easier

People choose to downsize or “right-size” their home for a number of reasons – simplify lifestyle, reduce housing costs, relocate to a new climate, the list goes on. Whatever your reason for wanting to make the transition to “smaller living,” considering the following tips to help make the lifestyle shift more manageable and less overwhelming. Reimagine Where (and How)...

How to Avoid Paying Too Much for Your Dream Home

When it comes to buying a home in New Albany, it's important to learn whether you are paying too much. But before you turn to Zillow to see what your dream home is actually worth, we wanted to explain the different ways of determining New Albany home values. An Appraisal vs. Market Analysis An appraisal and a comparative market analysis (also called a CMA) are two ways of learning how much a home is...

Now is a Great Time to Be a New Albany Home Seller!

If you’ve been thinking lately about entering the market anytime soon as a home seller in New Albany, I am here to tell you that recent market activity suggests that now is a great time to do so! According to a recent article I was reading, home sales decreased 2.1 percent in central Ohio in 2014 compared with 2013. While this might seem like bad news if you’re a seller, the overall market...

Your New Albany Real Estate Report for February

The month of January was a bit of a mixed bag for the New Albany real estate market, according to the most recent real estate data. Evidently, according to market data, the median home sales price as well as the total number of home sales decreased, although the average price per square foot as well as the average listing price increased. If you’re thinking about entering the housing market...

Young Buyers Returning to the US Housing Market En Masse

A key factor in the housing market recovery is returning to the national market en masse, much to the elation of housing market analysts. According to a recent Bloomberg article, more and more first-time home buyers are entering the market because they feel more confident about the economic recovery. Faster economic growth and a labor market that’s approaching “full employment”...

Calling All New Albany, Ohio Home Sellers

As more and more home buyers have flocked to the New Albany real estate market in search of their next dream home, available homes for sale have become more and more in demand. Now, real estate experts all over Central Ohio are calling upon would-be home sellers to list their properties now to capitalize on all of the pent-up demand from home buyers. At least, that’s the gist of a recent...

Report: National and New Albany, Ohio Real Estate Market Improving

The local housing market is improving, according to a recent article I read. Evidently, the National Association of REALTORS reported seeing the strongest home sale figures in three years! The Columbus Board of REALTORS, which oversees activity on the New Albany real estate market, echoed that sentiment for our local housing market! New Albany Ohio Homes for Sale Here’s an overview of recent...

New Albany Real Estate News is All Good!

1st Quarter Results Encouraging Despite a 25% reduction in the number of homes available for sale in New Albany, 1st quarter unit sales were up 5% over last year. There are currently fewer than 90 homes and condos for sale in the New Albany Plain Local School District. This represents less than a 5 month supply of homes based on the rate of sale for March. This definitely qualifies our current market as...

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