central ohio real estate update: july 2018

Central Ohio Real Estate Update: June 2018

Summer is here, and the real estate market in Columbus is really heating up!

Average home prices topped $235,000 which is a 3.8% increase from this time last year, and set a record high! “2018 is proving to be a solid year of healthy home price increases in central Ohio,” said 2018 Columbus REALTORS® President Sara Walsh.

Further, the number of homes for sale also appears to be on the rise. There were 4,394 homes listed last month, an 8% increase over the same time last year.

This brought inventory to 4,471, an increase of 16.1 percent over last month. “REALTORS® are preparing anxious buyers for multiple offer competition in certain price ranges so the increase in inventory is more than welcome,” Walsh said.

For a detailed report on your neighborhood, contact The Alfriend Group today at (614) 395-1776 or email us at info@alfriendgroup.com.

Leave a Reply

Your email address will not be published. Required fields are marked *