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 […]
Housing Market Update The new year is here, and prices continue to rise in Central Ohio. The average sales price of homes for the last 11 months was $228,062, up 6% from Jan. to Nov. of last year. “As REALTORS®, we are pleased that the statistics demonstrate real estate continues to be an excellent investment […]
Housing Market Update The holidays are here, yet inventory is still strong. 2,749 homes sold in October which was an increase of 149 homes from September. Additionally, homes put into contract increased by 3.7% over last month. “A sale is listed as ‘in contract’ when the contract has been signed but the transaction has not […]
Housing Market Update Halloween is near, and inventory is finally creeping up. Inventory on homes and condos for sale in Central Ohio last month was 5,589, a 2.6% increase from September 2017. This breaks a 91-month streak of year-over-year declines in inventory. The average sale price of homes sold last month was $232,228, a 9.8% increase […]
Housing Market Update Fall is near, but home prices are still high due to continued low inventory. However, higher priced homes that did not sell during the Summer market, are having to reduce their prices due to a limited buyer pool. Inventory on homes and condos for sale in Central Ohio last month was 5,429, […]
Housing Market Update School is back in session and summer is almost over, but home inventory and prices are still on the rise in the Central Ohio real estate market! Typically, real estate starts to slow down once the school year begins and families adjust to the new schedules, but inventory increased, and so have […]
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 […]
Summer is here, and the real estate market in Columbus is really heating up! Average home prices topped $235,000 which is a 3.8% increase from this time last year, and set a record high! “2018 is proving to be a solid year of healthy home price increases in central Ohio,” said 2018 Columbus REALTORS® President Sara […]
Summer is just around the corner, and the real estate market in Columbus is really heating up! Average home prices topped $225,000 for the first time ever, and the number of homes sold breached the 2,500 mark for the first time this year! These factors, contributed to Columbus being ranked the 4th hottest US housing […]
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 […]
