Central Ohio Real Estate Update: January 2019

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!

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


Currently For Sale in Dublin

     

8797 Killie Ct. (4 Bedrooms, 3 1/2 Baths)     97819 Erin Woods Dr. (4 Bedrooms, 5 Baths)

About The Alfriend Group

Kyle Alfriend has been selling and marketing homes for over 20 years, successfully selling and buying homes in a variety of market conditions. He has sold over 1,200 homes, totaling over $250 million in homes sales. In Dublin, he has sold more homes that anyone ever. He has represented the areas largest builders, built his own homes, and owns and manages several investment properties. He has been awarded the "Top 10 M.A.M.E. Award (Major Achievements in Marketing Excellence) by the building and Realtor associations every year since 1993. He believes that everyone deserves the very best in knowledge, experience, and integrity when buying or selling their home. The Alfriend Group was started 5 years ago as a real estate team of professionals, specializing in buying/selling homes, property management, and real estate investments. For more information, call us today at (614) 395-1776.

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