central ohio real estate update: july 2018

Central Ohio Real Estate Update: July 2018

Housing Market Update

School is about to start back up, and the real estate market in Columbus is still in full swing!

The average sale price of homes sold January to June 2018 sold for $226,660 which is a 6.6% increase from the first half of 2017. The average days on market for June was 23 days, and is the lowest on record.

“It’s important to keep in mind that even though some homes are selling quickly, selling on your own isn’t advisable,” said 2018 Columbus REALTORS® President Sara Walsh. “Having a REALTOR® represent you is most beneficial in today’s complicated market.  Homes sold by REALTORS® sell for approximately 32 percent more.”

Further, the number of homes for sale also appears to be on the rise. There were 4,912 homes listed last month, a 9.9% increase over last month. However, this is still a 3.2% decrease from this time last year.

“It’s encouraging to see an increase in inventory,” Walsh said. “I hope sellers continue to realize it’s a tremendous time to list a home, because buyers are more than ready!”

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

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