Sales activity for October 2011 for Pickerington OH Homes for sale was released, and the news is not optimistic for Pickerington home sellers. Sales activity is down from last year in nearly every category, and is nearly at the bottom for the entire year.
This chart shows a history of sales prices from 1/2008 to 10/2011. Median sales prices are at their lowest point in 2 years.
The following graph shows “year over year” pricing trends (in other words, it compares last October’s numbers with this Octobers:
This is most telling for sellers (and there are many in Pickerington) who’s homes are segmented well above the median and average price ranges for the Pickerington OH real estate market. Most buyers are buying in that range, so for those priced considerably higher, it means longer selling times and fewer showings than homes priced in the $125,000 – 200,000 “sweet spot”.
Pickerington home sellers need take a realistic look at these numbers, and either postpone any plans for selling, or price home aggressively.
Here is the FULL report from the Columbus MLS:
