My New Blog

Sales data is in for Pickerington, Ohio for 2009 and it shows some interesting information!

The average home that sold in Pickerington for 2009 was a 3 bedroom 2 bath home that was 2,305 square feet. The average home sold for $184,365 in 102 days and was listed at a starting price of $ 191,000. This translates that the average home seller negotiated 3.5% from their original listing price.

How does that compare to the previous year? Well, the average home in 2008 was also a 3 bedroom 2 bath home of about the same size. It was listed for $199,300 and sold for $191,597 in about 108 days.

So, to sum this up, the average Pickerington home sold for 3.8% less in 2009 than in 2008, but it sold in less days and the list prices held their value better. That means the market has probably reached the bottom as the price decrease seems to be lessening, homes are selling quicker, and commanding more price stability for sellers.

2010 should be strong, especially this spring, when the first time homebuyer tax credit is available and also other primary buyers who have been in their home for more than 5 years are also provided an incentive to buy a home. My advice? I would target February 1 as the date to have your home ready to market to take advantage of the market, the tax credit, and the breaks in the weather. Got 2 weeks, so let's go!