Although inventory remains low compared to previous years, there were 3,391 homes and condos listed for sale last month, a 42.9% increase from February. Sara Walsh, 2018 Columbus REALTORS president said, “Central Ohio buyers were thrilled to see this influx in inventory and they wasted no time in committing to a new home.”
The average sales price of a home in Central Ohio last month was $219,939, which is 8.8% more than the same month a year ago. “Home prices are continuing to climb and are a true reflection of how strong our market is in the greater Columbus region,” Walsh said. “This trend will likely continue as more homes are added to the market.”
Homes continue to sell at record breaking prices, and at record speeds. Homes spent an average of 39 days on the market last month, 5 days fewer than in February. “Sellers are realizing how hot the market is and are enjoying that advantage. Hopefully more sellers will follow suit, as we still have more buyers looking for homes than homes available to sell.”
If you’re looking to sell your home in 2018, now is the time to get it on the market. With increasingly better weather and schools getting ready to release for summer break, home buyers are in prime buying mode!
For a detailed report on your neighborhood, contact The Alfriend Group today at (614) 395-1776 or email us at info@alfriendgroup.com.