New Albany Real Estate News is All Good!

1st Quarter Results Encouraging Despite a 25% reduction in the number of homes available for sale in New Albany, 1st quarter unit sales were up 5% over last year. There are currently fewer than 90 homes and condos for sale in the New Albany Plain Local School District. This represents less than a 5 month supply of homes based on the rate of sale for March. This definitely qualifies our current market as...

New Albany Ohio Real Estate – 2012 Home Sales Recap

It’s Officially a Seller’s Market! Sales of single family homes in New Albany in 2012 exceeded 350 units for the first time in 7 years.  360 homes sold in New Albany this year compared to 344 homes sold last year.  2005 was the last year New Albany saw home sales in this range when 368 homes sold.  These numbers are hard to believe since inventory levels have remained at their lowest...

New Albany Ohio Real Estate – 2012 Home Sales Recap

Its Officially a Sellers Real Estate Market in New Albany! Sales of single family homes in New Albany in 2012 exceeded 350 units for the first time in 7 years. 360 homes sold in New Albany this year compared to 344 homes sold last year. 2005 was the last year New Albany saw home sales in this range when 368 homes sold. These numbers are hard to believe since inventory levels have remained at their lowest...

New Albany Home Sales Show Modest Rise in Prices

1st Quarter Real Estate Results Encouraging Despite a record low inventory of homes for sale in New Albany, 1st quarter unit sales were about equal with last year. A reduced inventory creates a market that for the first time in years actually favors Sellers! As a result, we are seeing a slight rise in home prices pretty much across the board. Days on market are declining as well – another indicator...

New Albany Ohio Real Estate – 2011 Recap

Good Real Estate News in New Albany! Sales of single family homes in New Albany in 2011 exceeded 300 units for the first time in 6 years. 344 homes sold in New Albany this year compared to 274 homes sold last year. 2005 was the last year New Albany saw home sales in this range. I don’t know if this is the new “normal” but it certainly indicates that our market has probably hit bottom...

New Albany Ohio Real Estate – 2010 Recap

You don’t have to look too hard for some encouraging real estate news in New Albany from last year. Overall, prices stabilized and unit sales were up 13% over the 2009 numbers versus a 5% decrease in unit sales in the entire Columbus Board of Realtors. As you will see in the chart below, some neighborhoods faired a little better than others. The New Albany Links and New Albany Country Club communities significantly improved in units sold but lost a little ground in sales prices while The Preserve and Albany Park saw improvement in sales prices.

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