Tammy Mazzocco is an enthusiastic part of the team at Judy Gang & Associates in Pickerington, Ohio. She sells residential real estate in Central Ohio and is happy that 2016 was Ohio’s housing market’s best year in a decade, having posted its strongest sales since 2005.
According to the Ohio Association of Realtors, home purchases statewide were close to 151,600 in 2016, which was an increase of 7.5 percent over 2015. It was a remarkable year in record gains in sales and average prices, said Pete Kopf, the trade group’s president. Very low mortgage rates and solid job creation throughout the year 2016 created a good year for the housing market.
However, higher prices, rising mortgage rates, and a low supply of available listings have threatened that upswing. Buyers are out actively looking and are anxious to pounce on new listings that fit their desires, but there just aren’t enough homes available to buy right now, and those listings are needed again.
December, 2016 numbers showed that the nation has a 3.6-month supply of available housing, which means that the pool of properties for sale would be sold in less than four months. Housing analysts say that a six-month listings supply reflects a balanced market. That is one in which neither sellers nor buyers have the upper hand.
An experienced agent like Tammy Mazzocco is what a buyer needs. She devotes her time and efforts to finding the ideal homes for her customers. Real estate encompasses her entire career and is her passion. Her primary strategy is customer service, and repeat business and referrals make up about 85 percent of her business.
Let Mapquest expert Tammy Mazzocco show you around and aid you in finding the home of your dreams.
View her agent profile: https://www.trulia.com/profile/tammy-mazzocco-agent-johnstown-oh-zgwx6bks/overview