New Albany Market Update – YTD Through 8/31

Unlike July where unit sales TY/LY were equal, August saw home sales in New Albany, Ohio fall by 20% over the same time last year. However, with current inventory level of homes for sale down 15%, there isn’t a big surplus of homes for sale. Some neighborhoods such as the Hampsted communities have such low inventory levels, that their market is shifting from a “buyers” to a “sellers” market. Other markets, such as NACC homes over $1million, are struggling with a 34 month supply of homes at the current rate of sale.

No matter what your neighborhood, a home in a great location, properly staged, and priced with the current market, will sell. For more information on how your home or neighborhood fits into the current market place, please call Kate or Tony.

Neighborhood		Active Listings	In Contract	Sold Aug '09	Sold '09 YTD	Sold '08 YTD	Ave $/Sq Ft	Ave DOM
	The Preserve	9	8	1	14	19	$104	100
	Albany Park	5	3	1	5	7	$ 106	125
	Windsor	6	2	0	4	5	$106	166
	Hampsted	19	1	9	24	37	$112	123
	NA Links	29	3	6	27	21	$116	166
	New – College*	17	2	0	0	4	---	---
	NACC < $1M**	62	14	4	45	46	$158	164
	NACC > $1 million	30	1	1	7	14	$206	305
	Total Plain Local School District	244	50	24	154	205	$140	145
	*Includes Tidewater, Saunton, Enclave, & Wentworth
	**Includes NACC and The Reserve