All of the numbers favor New Albany Home Sellers!
An analysis of the 3rd quarter unit sales in the New Albany Plain Township school district are signs of a recovering housing market. Some of the highlights include:
- AvailableÂ homes available for sale in New Albany This Year vs Last Year is DOWN 34%! Â Inventory in every neighborhood that we track are below last year. Inventory levels are lower than they have been in over 10 years!
- Days on market have declined 20% in the New Albany School District and pretty much across the board in each neighborhood as well.
- Home sales are up 5% Year To Date and even for 3rd quarter despite the vastly reduced inventory. I donâ€™t think the increase in unit sales can be sustained into 4th quarter unless we see an increase in the number of homes for sale.
- Average Sales Price of homes sold based on $/square foot is up slightly in New Albany totally and in each neighborhood.
3rd Quarter and Year-to-Date Recap â€“ New Albany Real Estate
|Sold 3rd QtrÂ 2012||Sold
|NACC < $1M**||31||10||29||69||77||$155||108|
|NACC > $1M||17||0||6||14||14||$215||119|
|Tot Plain Local|
|* Includes Tidewater, Saunton, Enclave and Wentworth|
|** Includes NACC and The Reserve|
Please contact Kate & Tony Thomas, your real estate experts for specific information about your New Albany neighborhood or if you are interested in selling your home or buying a new one. Â Or visit us at newalbanyohio.com. Â Â Until next time, Kate & Tony