Housing Market Update
It’s a new year, and both inventory and sale prices continue to rise. The median sales price of homes in Central Ohio increased 7.4% from last year. New listings increased by .6% and year-end inventory was up 6.8% from last year.
“Despite changing economic factors, the appetite for home buying remained strong enough to drive prices upward in markets across the country including central Ohio,” said John Myers, Columbus REALTORS® 2019 President.
“Fewer homes to choose from coupled with lower affordability made it tough for buyers in 2018,” added Myers. “But the increases in inventory during the last four months of the year suggests more choices for buyers in 2019.”
According to the latest Housing Market Confidence Index by the Ohio REALTORS®, 76 percent of central Ohio REALTORS® expect home prices to rise in 2019.
So, if you are looking to buy a new home in 2019, inventory growth means there is more to choose from; and, if you are looking to sell this year, sales prices continue to rise, yielding more proceeds!
Currently For Sale in Dublin
8797 Killie Ct. (4 Bedrooms, 3 1/2 Baths) 97819 Erin Woods Dr. (4 Bedrooms, 5 Baths)