Housing Market Update Despite an increase in interest rates, home sales hit a record high in May! In 2021 the average sales price in May was $315,127 while, last month, the average sales price reached $353,116, a 12.1% increase. Furthermore, fewer homes in Central Ohio required a change in the list price compared to last year. […]
Housing Market Update Continued low inventory and fervent buyer demand led to record sales prices again in 2021! Pandemic-induced changes to housing needs and preferences is still highly impacting the Central Ohio real estate market. Such a disproportionate amount of homes on the market compared to the number of buyers led to another year of […]
Housing Market Update With a further drop in inventory last month, home sales and prices continued to show healthy increases! There were 3,395 home sales in Central Ohio in October, a 5% increase year-to-date, from last year, and indicating a new annual record. However, there was another dip in overall inventory with only 3,336 homes […]
Housing Market Update We are in the midst of Spring, and along with the increased temperatures, we finally have an increase in home inventory! Both January and February saw inventory declines, but there was a 51% increase in homes added to the market in March. Last month, there were 1,000+ more homes added to the […]
Housing Market Update Spring is here, and although more homes are on the market, demand still far exceeds supply, continuing to drive prices up and days on market down! We are starting to see more homes hit the market now that warmer temperatures are upon us, but last month there were 17% fewer listings than […]
Housing Market Update After an abnormal market for the past few months, due to the COVID-19 shut down, there was quite a spike in home sales this August! In July, 3,536 homes sold, which is 12.2% more than in June, and a 6.1% increase from the same time last year. 4,100 homes went into contract […]
Housing Market Update Homes are selling fast and for record prices making it an advantageous time to list your home! 322 more homes and condos were listed last month compared to May which led to an increase in foot traffic from Central Ohio home buyers. “Both buyers and sellers took a step back during the […]
Housing Market Update Buyers are flooding the market due to record low interest rates causing real estate sales prices to reach record highs! Not only did prices increase last month, but home sales, contracts, and new listings rose in May 2020. Last month, 2,542 homes were sold, up 11.6% from April. 3,232 homes were added […]
Housing Market Update Fall is here, and it is still a great time to list your home before the holidays are upon us! With a decrease in overall inventory, buyers get excited to see a new listing added to the market. The reduced competition combined with an increase in average sales prices, make it an […]
Housing Market Update The weather is hot here in Central Ohio, but the real estate market is even hotter! Homes in central Ohio continue to sell very quickly. In June, the days on market dropped to 23, with the more affordable homes selling in an average of 18 days. Last month, it took an average of […]
