We're glad you're here! "Buying, Selling or Building a Home" is an exciting undertaking and we know you're anxious to get started. Below are just a few things we'd like you to know about PDS Real Estate. We believe they make us the best choice of agents for home buyers and sellers in the Central Ohio area.
Our commitment to our clients...
In serving our real estate clients, we as real estate agents commit to:
working hard, recognizing that clients are our "employers;"
treating every client's real estate home purchase or real estate sale as if it were our own; providing value in line with the compensation we receive;
answering phone calls live whenever possible and returning messages the same day they are left;
following up promptly on support requests;
responding accurately to all questions and issues;
researching them with authoritative sources whenever necessary; and
always putting the interests of our clients first when dealing with fellow real estate agents, lenders, and all other parties.
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Central Ohio has a bigger share of the state's 25 richest ZIP codes than any metropolitan area in the state.
Of the 25 communities with the highest household incomes in the Buckeye State, eight are in the Columbus area.
Cincinnati and Cleveland each have five ZIPs among the top 25.
The richest areas Central Ohio (Columbus) are; Powell, New Albany, Westerville, Worthington, Upper Arlington, Dublin, Northwest Columbus, and Grandville fall on the list. Also included are each area’s median age and median net worth.
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Good news - Inventory creeping up!
Central Ohio housing inventory continued to increase during the month of July to 5,498, an 8.3 percent increase over June, although still down 14.1 percent from July 2016. This left central Ohio with a 2.0 months supply of inventory at the current sales pace, according to the Columbus REALTORS® Multiple Listing Service.
“Although inventory is still down overall, the number of homes for sale has increased steadily in the last four months, which is not uncommon as the spring and summer months usually see the highest housing activity,” said 2017 Columbus REALTORS® President Mic Gordon. “Although slow and steady, the influx in inventory allows potential buyers to have more options to choose from. I’m optimistic that more inventory will be added to the market for the rest of the year.”
Home prices continue to set records here in central Ohio. The median sales price was $194,900, up 8.9 percent over July 2016 and the highest on record for any single month. The average sales price of a home in July was $227,572, a 7.3 percent increase from the same month a year ago and the second highest on record for a single month.
The median is the midpoint where half the homes sell for less, while half sell for more. The average sales price is the total volume divided by the number of homes sold.
There were 3,051 central Ohio homes and condos sold during the month of July, which is 3.9 percent lower than the same month a year ago and a 10.3 percent decline over the previous month.
Homes spent an average of 28 days on the market in the month of July, which is six days less than July 2016 and yet another record low for central Ohio.
“This is the fewest number of days homes have ever spent on the market,” Gordon said. “Homes are selling about as fast as they come onto the market!”
According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 87 percent of central Ohio REALTORS® expect prices to rise over the next year, while 13 percent expect prices to level.
When asked how many days on average their listings stayed on the market, 26 percent said 11-20 days, 29 percent said 21-50 days, and just under half (45 percent) said their listing sold in 10 days or less.
Current housing report – July 2017
All housing reports