Although the first half of 2010 saw home sales increase up to 39 percent over 2009, July saw a decrease of 28.6 percent in sales, according to a recent release from The Columbus Board of REALTORS.
“The expiration of the homebuyer tax credits created incredible activity last spring,” said Sue Lusk-Gleich, President of the Columbus Board of REALTORS®, “so we’re not surprised by the natural readjustment of the market over the last couple months.”
There were 1,468 homes sold in July compared to 2,047 sales in July of 2009. However, year to date sales (January through July) are still 11.4 percent higher than last year.
Central Ohio’s inventory is on the rise with a nearly 12 percent increase in the number of homes on the market last month compared to a year ago. Almost half of these16,626 homes are listed for $150,000 or below and 2,980 of them are condos.
Source: Columbus Board of REALTORS
