ThomasRiddleGroup

ThomasRiddleGroup

New Albany Real Estate Market Improves for 2010

A look at a few key metrics tell the story. New Albany Real Estate is on the rebound. While first portion of 2010 was driven by tax incentives and first time home buyers, we really just "borrowed" future sales from July and Aug to hit the June 30th deadline. We were really pretty flat through mid 3rd Quarter 2010. Then we had a good finish and pushed ahead of 2009 in these important areas:

Three Key Metrics All Positive

A look at a few key metrics tell the story.  New Albany real estate is on the rebound.  While first portion of 2010 was driven by tax incentives and first time home buyers, we really just “borrowed” future sales from July and Aug to hit the June 30th deadline.  We were really pretty flat through mid 3rd Quarter 2010.  Then we had a good finish and pushed ahead of 2009 in these important areas:

Traffic & Sales…Up

 

 

In 2010, 302 homes closed in New Albany vs 272 the previous year.

Median Sale Price …Up

 

The median sales price for homes sold in New Albany increaded from $283,000 in 2009 to $308,000 in 2010.

Median Days on Market…Down

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The median home in New Albany was on the market for 88 days in 2010 – in 2009, it was on the market 104 days.

So what’s all this mean to me?

Well if you are a Buyer trying to time the market (if you can do this, let me and my financial advisor know asap) we may well be seeing the bottom.  If you are a Seller, you may be encouraged that the worst may be behind us.  In any event, if you want to buy or sell a New Albany home, now is the time and Kate & Tony are the ones to help.  Let us show you how Kate & Tony’s service and results make them the market leaders in New Albany Real estate.

P.S. You can also just search the MLS yourself to see how your home compares…

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