Well, 2018 is officially underway, and the familiar theme of low-inventory still remains the primary concern for many buyers. In fact, there were just 3,410 homes on the market last month, a 21% decrease from January 2017.
“Inventory remains at record lows here in central Ohio,” said 2018 Columbus REALTORS® President Sara Walsh. “Just when you think the number of homes for sale couldn’t possibly go any lower – it does. Sellers should realize there’s no reason to wait until the spring to list their home – we have buyers anxious to buy homes now!”
However, low inventory levels make right now the ideal time to sell your home. Average January home prices exceeded $200k for the first time ever. Further, homes are selling in just 44 days (on average), which is incredibly fast for the winter months.
If you’re looking to sell your home in 2018, you should start preparing now, as the peak market (April through June) is just around the corner!