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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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NEWS

Homes are a hot commodity in central Ohio

(July 21, 2016 – Columbus, OH) – The average sales price of a home in central Ohio during the month of June climbed to a new record high of $216,379, a 5.4 percent increase over June 2015 and a 1.2 percent rise over the previous month, according to the Columbus REALTORS® Multiple Listing Service. The median price in June was $180,000 a 4.7 increase from the previous year. Read more.

The average sales price is the total volume divided by the number of homes sold. The median is the midpoint -- half the homes sell for less, while half sell for more.

“Homes that are listed at market prices continue to fly off the shelf and be a hot commodity in central Ohio" said 2016 Columbus REALTORS® President John Royer. “Investing in a home is one of the smartest decisions you can make. And with the lowest interest rates we’ve seen in three years, it’s even more astute.”

There were 3,250 central Ohio homes and condos sold during the month of June, a 5.1 percent increase over May, although a slight dip of .6 percent from the same month a year ago.

The number of homes and condos for sale in central Ohio in the month of June inched up to 5,914, a 5.8 percent increase over the previous month, although down 22.8 percent from June 2015.

There were 4,013 central Ohio homes and condos added to the market during the month of June, a 4.4 percent increase from May and a .5 percent increase from the same month a year ago.

“Our challenge is the low inventory of available homes, which is holding us back from seeing more sales,” added Royer. “In June, the No.1 obstacle to making a purchase, as reported by 40% of buyers on realtor.com, was simply finding a home that met their needs.”

During the month of June, homes spent an average of 35 days on the market, which is 12 days shorter than June 2015, nine days shorter than May, and the lowest on record.

“With the lack of inventory, central Ohio buyers are moving quickly when a home is newly listed,” Royer said. 

According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 95 percent of central Ohio REALTORS® expect home prices to rise over the next year. When asked about securing financing versus a year ago, 34 percent reported it was easier, 26 percent reported it was more difficult, and 40 percent reported it was the same. 


Current housing report – June 2016
All housing reports

·Central Ohio housing market saw record highs and lows in 2016

Central Ohio ended 2016 with the highest number of home sales and the highest home prices on record. 2016 also saw the lowest months supply and days on market, due to the lowest inventory levels on record for the Columbus REALTORS® Multiple Listing Service. 

The 31,532 home sales recorded in 2016 rose 6.8 percent above 2015 and marked a 58.9 percent increase from our lowest point (2011) since the last housing boom in the mid 2000’s. Of those sales, 26, 832 were single family homes and 4,700 were condominiums. 

The average sales price of a central Ohio home in 2016 has now cleared the $200,000 mark at $202,224, up 5.8 percent from 2015 and up almost 30 percent from 2011. The median sales price of a home in 2016 was $170,000, which is 6.3 percent higher than the previous year.

The average sales price is the total volume divided by the number of homes sold. The median is the midpoint -- half the homes sell for less, while half sell for more.

Of the homes sold in 2016, 4,405 (14 percent) sold for $80,000 or below in an average of 61 days; 4,273 (14 percent) sold for $80,001 - $120,000, selling on average in 44 days; 5,902 (19 percent) sold between $120,001 and $160,000 and in about 32 days; 9,029 (29 percent) sold for $160,001 - $250,000 and sold in an average of 33 days; and 7,923 (25 percent) sold for over $250,000 and took about 54 days to sell.

“Soaring home prices are another reflection of how hot the central Ohio housing market is, which continues to be beneficial for anyone who might be looking to list their home for sale,” said Mic Gordon, 2017 President of Columbus REALTORS®. “With inventory at a record low, there couldn’t be a better time than the present to put your home on the market.”

Throughout 2016, the number of homes on the market stayed an average of 21.8 percent lower than in 2015. 

Central Ohio experienced the lowest inventory on record in the month of December 2016 with only 4,653 homes and condos available for sale. This is a 13.8 percent decline from November and 26.1 percent drop from the previous year.

The months supply of inventory at the end of 2016 hit a record low at 1.7 meaning that, if no more homes were added to the market, it would take less than two months to sell all of the homes and condos currently for sale in central Ohio. (A balanced market is usually around 6.5 months supply.)

During 2016, central Ohio homes and condos spent an average of 43 days on the market – 12 days fewer than 2015 and another record low. 

“With the highest sales and prices, yet the lowest inventory, 2016 was indeed a year of record highs and record lows for the Columbus region,” said Gordon. “Many houses are selling almost as quickly as they come on the market, which further affirms how attractive and desirable homes are in central Ohio.”

There were 1,468 central Ohio homes and condos added to the market in December, which is a 2.5 percent decrease in inventory from one year ago and 33.3 percent lower than the previous month (November).

The average sales price of a home in December was $196,225, up 7.2 percent from last year. The median sales price was $163,000, a 5.2 percent increase over December 2015.

There were 2,252 central Ohio homes and condos sold in December, which is a 1.1 percent increase over the previous month and remains unchanged from December 2015.

According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 94 percent of central Ohio REALTORS® would describe the current housing market as moderate to strong and 92 percent expect home prices to rise over the next year.

When asked how the residential real estate market will perform in 2017, 45 percent said it will improve at a fast to moderate rate, 43 percent said it will continue at its current rate and 12 percent said it will slow at a fast to moderate rate.

Current housing report – December 2016
Annual 2016 housing report
All housing reports

Columbus REALTORS® is comprised of over 7,700 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more.

The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.

To view commercial properties for sale or lease in central Ohio, visit www.COCIE.org.
To view residential properties for sale, visit www.Realtor.com.

 

 

 

 

 

 

 

 

Interest Rates Increase? Maybe

 

Interest rates will rise, but not until December at the earliest, the Federal Reserve announced Wednesday, confirming a long-held view that the Fed would not raise rates ahead of the presidential election. The benchmark interest rate determines the movement of mortgage rates, which currently linger around 3.5 percent.

 

Staging versus Decorating a Home...

Staging a home for sale is different from decorating your home. The main and most important purpose of staging your home for sale is making it appeal to wide range of home buyers. Whereas decorating your home is your personal decorating preferences. Open this article, it gives a lot of insight on how to stage your home for sale, along with other links that might interest you.

Home Staging Link

Social Media and Your Business

Keep your social media identity focused solely on your business. Controlling and protecting your Identity is important. As much as you’d like to show the world your new granddaughter, it’s far better to show your newbusiness products or services.. The product/service can’t be kidnapped and held for ransom.

Posting your birth date — and those of your family members — is increasingly risky, as criminals are getting creative at cross-referencing information and using it for bad intentions. When you share your birthday, it’s one less thing an identity thief has to dig for. John Smith might be hard to distinguish from other John Smiths when a thief is trying to steal your identify, but John Smith plus his exact birthday makes it one step easier.

 Some businesses encourage you to “check in” in exchange for a promotional bribe. Think twice about letting the world know where you are. If you check in for a workout, bad guys know you are at the gym for at least 30 minutes. Checking in for a movie is even a longer window of opportunity. What you may think is an innocent asset to a home could signal the perfect opportunity to attack for a criminal. Property descriptions such as “enjoy your privacy in this remote setting…” can be an invitation for trouble. Remote locations with privacy are exactly what an attacker wants.

Post only your professional contact information online. Keep your personal information private. Never post that you are alone or where you are going, either professionally or personally. Friends with warm smiles are not the only ones reading your posts. It’s a dangerous mistake to post something like, “Just me, my favorite movie, and some wine tonight. Can’t wait!” That’s a red light invitation that you are alone and possibly intoxicated — neither of which looks good to anyone but a potential attacker. We’ve all heard that “what goes online stays online.” Even if you are careful and follow that warning, someone else may post something about you that is revealing or embarrassing.

Create a Google Alert for your name, your phone, your address, and each member of your family so if there is any mention of any of this information, you’ll get an e-mail with a link to the page it’s on. - See more at:

Columbus Home Search- Search for homes

Real Estate Columbus Ohio- Search for homes

Searching for homes Columbus Ohio? Search for Homes.

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Homes in Columbus Ohio- Search for on PDS .com

Real Estate AgentColumbus, OH- Experienced OH Real Estate Agent

Susan BuhrReal Estate Agent - Columbus, Ohio , search for homes on PDS .com