Central Ohio Real Estate Update: May 2021

Housing Market Update

We are nearing summer and as temperatures continue to rise, so are the local home sale prices!

We continue to face an increase in demand and a reduced supply leading to higher and higher home sale prices. In April, the average sale price for Central Ohio homes increased to $291,900, a gain of 16.6% from this time last year which is the highest on record for any single month.

Homes also continue to sell in record time. Despite the increases in price, on average, homes sold in 16 days last month.

There is not only less inventory in the existing home market; but, many local builders are having problems obtaining the necessary lumber and other materials to continue new construction communities in the area. Some builders are even on a building freeze, whereby they are not committing to any new contracts until they can finish the homes they have already started.

According to the Building Industry Association of Central Ohio, the average cost of a new home in April was $378,850. Applying the same formula suggests that our local builders are dealing with roughly $90,000 in regulatory expenses per home. 

The primary cause for our housing shortage is local opposition to new development. 

“As we’re experiencing unprecedented demand for housing in central Ohio, we need to be diligent in working together to reduce the regulatory burdens on our builders,” added Jones. 

“Given that each new home built adds 2.9 jobs and $130k in tax revenue, it is in our best interest to do so.” 

We did see a slight increase in inventory last month with 1,939 homes on the market; and, due to higher demand, home sales increased by 23.1% from last year and by 12.5% from March of this year.

New listings are now up 3.1%, year to date, from the first four months of 2020, and overall sales up by 8%.

Consistent appreciation of residential real estate in Central Ohio makes investing in a primary residence and in investment properties a valuable asset to any financial portfolio. 

Real estate agents, lenders, inspectors, and title companies are still taking every precaution to maintain safe and sanitary conditions for listing, showing, and closing homes in Central Ohio, and widespread vaccinations are helping both buyers and sellers safely relocate.So, if you are thinking of listing your home, or want to take advantage of low interest rates and buy or build your dream home, we will help you through these transitions and transactions in the safest ways possible.

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

Featured Listings:

6106 Quin Abbey Ct. Dublin, Ohio
Colling Dr ext
5514 Colling Dr. Dublin, Ohio

2,597 thoughts on “Central Ohio Real Estate Update: May 2021

  1. Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

  2. Thanks for your own efforts on this site. Kim really likes carrying out investigations and it’s really easy to understand why. My partner and i know all of the compelling medium you present simple information by means of the web site and therefore welcome participation from other people on the issue while our favorite princess is in fact learning a great deal. Take advantage of the rest of the new year. You’re the one conducting a stunning job.

  3. An impressive share! I’ve just forwarded this onto a coworker who was conducting a little homework on this. And he in fact ordered me breakfast due to the fact that I discovered it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanx for spending some time to talk about this issue here on your web site.

  4. Next time I read a blog, I hope that it does not fail me as much as this particular one. After all, Yes, it was my choice to read, however I genuinely thought you would have something interesting to say. All I hear is a bunch of complaining about something you can fix if you weren’t too busy seeking attention.

  5. I really love your site.. Excellent colors & theme. Did you build this amazing site yourself? Please reply back as I’m looking to create my own personal site and would love to learn where you got this from or just what the theme is called. Many thanks!

  6. Oh my goodness! Awesome article dude! Thanks, However I am experiencing difficulties with your RSS. I don’t understand why I can’t subscribe to it. Is there anyone else having identical RSS problems? Anybody who knows the answer can you kindly respond? Thanks!!

  7. An impressive share! I have just forwarded this onto a colleague who has been doing a little research on this. And he actually ordered me dinner due to the fact that I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanx for spending the time to talk about this topic here on your web site.

  8. I was very pleased to discover this web site. I wanted to thank you for your time due to this fantastic read!! I definitely loved every little bit of it and i also have you saved to fav to check out new information in your blog.

  9. After I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on every time a comment is added I recieve four emails with the same comment. There has to be an easy method you can remove me from that service? Appreciate it.

  10. After looking at a handful of the blog articles on your web page, I really appreciate your technique of blogging. I added it to my bookmark site list and will be checking back in the near future. Please visit my website too and let me know how you feel.

  11. I blog often and I genuinely thank you for your content. This great article has really peaked my interest. I am going to take a note of your site and keep checking for new information about once per week. I subscribed to your Feed too.

  12. You are so cool! I do not believe I’ve read a single thing like that before. So nice to discover somebody with a few original thoughts on this subject. Really.. thanks for starting this up. This site is one thing that is required on the web, someone with a bit of originality.

  13. Hello, I do believe your website might be having browser compatibility problems. When I take a look at your site in Safari, it looks fine however when opening in IE, it has some overlapping issues. I simply wanted to give you a quick heads up! Besides that, excellent website!

  14. Aw, this was an exceptionally good post. Taking the time and actual effort to produce a superb article… but what can I say… I procrastinate a whole lot and never manage to get anything done.

  15. I absolutely love your site.. Great colors & theme. Did you build this web site yourself? Please reply back as I’m trying to create my very own site and want to learn where you got this from or exactly what the theme is called. Many thanks.

  16. May I simply say what a relief to discover a person that actually knows what they’re talking about over the internet. You actually realize how to bring a problem to light and make it important. More people really need to check this out and understand this side of your story. It’s surprising you are not more popular given that you definitely possess the gift.

  17. Howdy! This post couldn’t be written much better! Looking at this post reminds me of my previous roommate! He always kept talking about this. I will forward this information to him. Fairly certain he will have a good read. Many thanks for sharing!

  18. The very next time I read a blog, Hopefully it doesn’t disappoint me as much as this one. I mean, I know it was my choice to read, but I truly believed you’d have something helpful to talk about. All I hear is a bunch of complaining about something that you could fix if you weren’t too busy seeking attention.

  19. You are so awesome! I do not think I have read anything like that before. So great to discover another person with some unique thoughts on this issue. Really.. many thanks for starting this up. This web site is something that’s needed on the web, someone with some originality.

  20. Greetings, I believe your web site might be having web browser compatibility problems. When I take a look at your site in Safari, it looks fine however, if opening in I.E., it has some overlapping issues. I merely wanted to provide you with a quick heads up! Other than that, excellent blog!

  21. Hello! I could have sworn I’ve been to this web site before but after going through a few of the articles I realized it’s new to me. Regardless, I’m certainly delighted I found it and I’ll be bookmarking it and checking back often.

  22. Right here is the right website for anybody who hopes to find out about this topic. You realize a whole lot its almost tough to argue with you (not that I actually would want to…HaHa). You definitely put a fresh spin on a subject that has been written about for decades. Excellent stuff, just wonderful.

  23. Next time I read a blog, I hope that it won’t disappoint me just as much as this one. After all, I know it was my choice to read through, but I genuinely believed you’d have something helpful to say. All I hear is a bunch of moaning about something you can fix if you were not too busy looking for attention.

  24. Having read this I thought it was really enlightening. I appreciate you spending some time and effort to put this informative article together. I once again find myself spending a lot of time both reading and commenting. But so what, it was still worth it.

  25. When I initially commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I recieve four emails with the same comment. There has to be a way you can remove me from that service? Many thanks.

  26. Iím amazed, I must say. Seldom do I encounter a blog thatís both educative and entertaining, and without a doubt, you have hit the nail on the head. The issue is something which too few people are speaking intelligently about. I am very happy I found this during my hunt for something regarding this.

  27. Hi, I think your website could possibly be having web browser compatibility problems. Whenever I take a look at your website in Safari, it looks fine but when opening in IE, it’s got some overlapping issues. I simply wanted to provide you with a quick heads up! Besides that, great blog!

  28. Oh my goodness! Incredible article dude! Many thanks, However I am experiencing problems with your RSS. I donít understand why I cannot subscribe to it. Is there anyone else having the same RSS issues? Anybody who knows the answer will you kindly respond? Thanks!!

  29. Iím amazed, I have to admit. Seldom do I encounter a blog thatís equally educative and interesting, and let me tell you, you’ve hit the nail on the head. The problem is something that not enough folks are speaking intelligently about. Now i’m very happy that I stumbled across this in my hunt for something regarding this.

  30. Oh my goodness! Amazing article dude! Thanks, However I am encountering troubles with your RSS. I donít know why I am unable to join it. Is there anybody else getting identical RSS issues? Anybody who knows the answer will you kindly respond? Thanx!!

  31. The next time I read a blog, Hopefully it won’t disappoint me just as much as this one. I mean, I know it was my choice to read, nonetheless I genuinely thought you would have something useful to talk about. All I hear is a bunch of crying about something you could possibly fix if you were not too busy searching for attention.

  32. I have been looking for articles on these topics for a long time. safetoto I don’t know how grateful you are for posting on this topic. Thank you for the numerous articles on this site, I will subscribe to those links in my bookmarks and visit them often. Have a nice day

  33. Thanks for the sensible critique. Me and my neighbor were just preparing to do some research about this. We got a grab a book from our area library but I think I learned more from this post. I am very glad to see such excellent information being shared freely out there.

  34. There are some fascinating points in time in this article but I don’t know if I see all of them center to heart. There’s some validity however I will take maintain opinion till I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as well

  35. Good – I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Nice task..

  36. Great article!!! I really hope to check out the same high-grade content from you later on as well. In fact, your creative writing abilities has encouraged me to get my very own blog now. I found it very informative and useful. “오피뷰” thank you for posting such a nice content… Keep posting such a good content…

  37. In the great design of things you get an A for effort. Where exactly you misplaced us was first on your particulars. You know, people say, details make or break the argument.. And that could not be much more accurate here. Having said that, let me inform you what did deliver the results. Your authoring is definitely highly engaging which is most likely the reason why I am making the effort to comment. I do not make it a regular habit of doing that. Second, although I can certainly notice a jumps in reason you make, I am not certain of how you seem to unite your points which inturn make your conclusion. For the moment I shall subscribe to your position however trust in the near future you actually connect your dots better.

  38. magnificent submit, very informative. I’m wondering why the opposite specialists of this sector don’t realize this. You should proceed your writing. I’m sure, you’ve a great readers’ base already!

  39. I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  40. Good post. I learn something new and challenging on sites I stumbleupon
    Hi, I do think this is an excellent blog. I stumbledupon it 😉 I am going to
    “성인웹툰”
    come back once again since I book marked it. Money and freedom is the
    best way to change, may you be rich and continue to help others.

  41. payroll accounting journal entries [url=https://telegra.ph/Vebmani-onlajn-kredit-04-24-3]вебмани онлайн кредит[/url] toyota dealers westchester ny

  42. I’ve been browsing online greater than three hours nowadays, yet I never discovered any attention-grabbing article like yours. It is beautiful price enough for me. In my opinion, if all webmasters and bloggers made good content as you probably did, the internet might be much more useful than ever before.

  43. I am sorting out relevant information about gate io recently, and I saw your article, and your creative ideas are of great help to me. However, I have doubts about some creative issues, can you answer them for me? I will continue to pay attention to your reply. Thanks.

  44. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  45. hello!,I really like your writing so a lot! percentage we keep up a correspondence more about your article on AOL? I require a specialist on this area to resolve my problem. Maybe that’s you! Looking ahead to look you.

  46. I do enjoy the way you have framed this specific difficulty and it does indeed give me a lot of fodder for consideration. However, coming from what precisely I have observed, I really wish when other responses pile on that individuals remain on point and in no way get started on a soap box associated with some other news du jour. All the same, thank you for this excellent point and even though I do not necessarily go along with the idea in totality, I value the standpoint.

  47. The following time I read a weblog, I hope that it doesnt disappoint me as a lot as this one. I imply, I know it was my option to learn, however I truly thought youd have something attention-grabbing to say. All I hear is a bunch of whining about one thing that you possibly can repair in the event you werent too busy searching for attention.

  48. I believe what you postedtypedbelieve what you postedtypedsaidthink what you postedtypedsaidthink what you postedwrotesaidWhat you postedwrote was very logicala bunch of sense. But, what about this?think about this, what if you were to write a killer headlinetitle?content?typed a catchier title? I ain’t saying your content isn’t good.ain’t saying your content isn’t gooddon’t want to tell you how to run your blog, but what if you added a titlesomethingheadlinetitle that grabbed a person’s attention?maybe get people’s attention?want more? I mean %BLOG_TITLE% is a little plain. You could look at Yahoo’s home page and watch how they createwrite news headlines to get viewers to click. You might add a related video or a pic or two to get readers interested about what you’ve written. Just my opinion, it might bring your postsblog a little livelier.

  49. Greetings from Ohio! I’m bored to tears at work so I decided to check out your blog on my iphone during lunch break. I love the information you present here and can’t wait to take a look when I get home. I’m surprised at how fast your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, very good site!

  50. I enjoy you because of all of your work on this site. Ellie enjoys carrying out investigation and it’s really obvious why. All of us hear all of the lively way you present valuable tips and hints via the web blog and inspire response from website visitors about this concern and my child is now discovering a lot. Have fun with the remaining portion of the year. You have been conducting a tremendous job.

  51. I’m not sure why but this site is loading extremely slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.

  52. My programmer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on several websites for about a year and am anxious about switching to another platform. I have heard fantastic things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any kind of help would be really appreciated!

  53. Hey! This is kind of off topic but I need some advice from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about creating my own but I’m not sure where to start. Do you have any tips or suggestions? Thank you

  54. Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say superb blog!

  55. Heya are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any coding knowledge to make your own blog? Any help would be greatly appreciated!

  56. I’ve been exploring for a little for any high-quality articles or blog posts in this kind of area . Exploring in Yahoo I eventually stumbled upon this web site. Reading this info So i’m satisfied to express that I have a very good uncanny feeling I found out exactly what I needed. I such a lot unquestionably will make certain to don?t disregard this site and give it a look on a constant basis.

  57. Superb blog! Do you have any hints for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any ideas? Thank you!

  58. After looking over a few of the blog articles on your web page, I honestly like your way of blogging. I bookmarked it to my bookmark site list and will be checking back soon. Take a look at my web site as well and let me know what you think.

  59. Thank you, I have recently been searching for information approximately this topic for a while and yours is the best I have found out so far. However, what about the conclusion? Are you sure concerning the source?

  60. With havin so much written content do you ever run into any problems of plagorism or copyright violation? My site has a lot of exclusive content I’ve either created myself or outsourced but it appears a lot of it is popping it up all over the web without my agreement. Do you know any methods to help reduce content from being ripped off? I’d certainly appreciate it.

  61. I’m impressed, I must say. Rarely do I encounter a blog that’s both educative and entertaining, and let me tell you, you have hit the nail on the head. The issue is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something relating to this.

  62. Have you ever thought about creating an e-book or guest authoring on other sites? I have a blog based upon on the same subjects you discuss and would really like to have you share some stories/information. I know my visitors would value your work. If you are even remotely interested, feel free to send me an e mail.

  63. I used to be recommended this website by means of my cousin. I am now not positive whether this publish is written by way of him as no one else recognise such specific approximately my problem. You are amazing! Thank you!

Leave a Reply