The Columbiana County real estate market has shown some significant improvement for the first four months of 2012.
Pending sales are up 21.4% year-to-date compared to the same period in 2011, and closed sales are up 20.4%. The average sales price of $82,866 is up 7.3% and the median sales price of $67,400, is also up 2.1%.
The current inventory of homes for sale is at a 9.4 months' supply, down from a 12.9 months' supply in April of 2011.
The sharp increase in pending sales is the highest number we have seen since 2007 before the real estate decline really hit us here in Northeast Ohio. This is a welcome change and good news for homeowners in Columbiana County.
To see a complete report with charts and graphs dating back to 2004, click on '1 Attachment' in the gray bar below this blog post.
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. CENTURY 21 Lakeside Realty Is a member of the National Association of REALTORS® Equal Housing Opportunity.