Columbus, Ohio (December 07, 2010): The statistics of Central Ohio housing market of 2010 is mirroring the 2009 stats. Ohio real estate market rebounded due to the availability of the federal tax credits, which were offered to the homebuyers in 2009 and early this year. From January through October, the number of homes sold in Central Ohio was 16,891; the figure is almost identical to the number of homes sold (16,932) during the same period in 2009. Last year the average sale price of Ohio real estate market was $161,623, whereas this year the average is $160,671.

Central Ohio housing market is holding their year-to-date numbers and real estate experts of Revealty.com, a leading and reliable Central Ohio real estate company, opine that this is a favorable condition indicating a more lively housing market in the near future. They also believe that Central Ohio home sales are likely to increase in 2011, though it may take some time. The New York Federal Reserve Bank too has confirmed that household finances are improving. This too indicates that there will be an increase in the country’s major real estate purchases.

According to Freddie Mac reports, the average 30-year fixed mortgage rate was 4.23 % in October 2010. This was the lowest mortgage rate recorded by Freddie Mac, since it began recording mortgage rate statistics in 1971. Considering both the facts, Ohio real estate experts opine that it is a favorable time to invest in Central Ohio housing market, especially for the first-time homebuyers.

About Revealty
Revealty.com is a reliable Central Ohio real estate company that has been in business since the early 90s. Business First recognized the company as one of the top 25 residential real estate agencies in Columbus multiple times. Revealty offers exclusive buyer representation, assuring the buyers that the agent will always be on their side, working exclusively for them. With its range of services, Revealty helps the sellers to save their money otherwise wasted on the high commissions charged by traditional listing agents. Whether helping clients sell or find home, this Ohio real estate company protects their client’s interests throughout the entire home selling or buying process. Revealty also provides other necessary information like tips on choosing a builder, buying new construction or existing homes, architects, floor plans, mortgages, home loan, insurance and financing tips.

Carolyn Young
Company: Revealty
Address: 439 E. Mound St
City: Columbus
State: Oh
Zip Code: 43215
Country: USA
Phone: 1- 614-621-5404
Email: cyoung@revealty.com
Website: http://www.revealty.com/

Carolyn Young