Average 15 Months On Hand of Inventory Based on Closed Sales January 2009 - March 2010
When looking at the performance of Real Estate, you might think looking at the number of homes sold would give you all of the details you would need to know. Actually, the best indicator of market conditions is Months On Hand (MOH). MOH is the number of homes Active on the market divided by the number of homes that were Sold. I theory, if no new homes wree to come onto the market and homes remained selling at the same rate, in the indicated number of months, homes would sell out.
Downtown Columbus - 63.19 MOH
Worthington - 9.27 MOH
Upper Arlington - 7.91 MOH
Grandview Heights - 10.47 MOH
Clintonville - 7.70 MOH (Lowest)
German Village - 21.63 MOH
Victorian Village - 19.90 MOH
Olde Towne East - 27.06 MOH
Bexley - 11.44 MOH
Average -19.84 MOH
All information is based on MLS areas for the defined neighborhoods and based on active/ sold prices $160,000+.
All reports presented are based on data supplied by the Columbus Board of Realtors MLS. Neither the Association nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Association or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
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