Real Estate Journal

Finally the Columbus Board of Realtors saw trends in sales prices and inventory that would show that the market is regaining some balance. This is what they thought of the single-family housing sales in Central Ohio. It might be noted that they continued to lag in pace last year in November.

1,565 single-family houses and condominiums in the region were sold in November 2006, down by 11% from 1,763 sold a year earlier. This drop was the fourth straight one in months. There was a 5% increase in July, but afterwards it was all in the decline each month.

In the beginning of 2007, sales was 22,884 houses sold, way below the 24,498 homes sold the year before. These trends are monitored by the Columbus Board of Realtors, the body that monitors sales in Franklin, Delaware, Fayette, Madison, Morrow and Union counties, and parts of Licking, Pickaway, Fairfield, Champaign, Clark, Knox, Logan and Marion counties.