Housing Market Update With continued low inventory and interest rates, home sellers are benefiting from record sales prices and minimum days on market! In January, 1,026 homes sold, up 10.4% from last year; and, sales are expected to increase as we move into the spring months. The number of new listings was up 19.8% from […]
Housing Market Update With record low interest rates, many segments of the market experienced a multiple-offer frenzy not seen in the last 15 years or more! Although the first wave of the pandemic caused the housing market to experience a significant slowdown, it bounced back substantially by the end of 2020. However, seller activity lagged […]
Housing Market Update Despite a pandemic and all the resulting challenges faced in 2020, the Central Ohio housing market remained strong! Central Ohio home sales prices are at record highs and homes are selling in record time, whereas inventory is at a record low according to the Columbus REALTORS® Multiple Listing Service. Over 2,900 homes […]
Housing Market Update The Central Ohio real estate market experienced another significant increase in home sales last month, despite declining inventory! 3,234 homes and condos sold last month, which is a 19% increase from this time last year; and, year-to-date sales are almost 3% higher than last years. However, inventory is less than half of what […]
Housing Market Update The Central Ohio real estate market remains very competitive as demand continues to outweigh supply! The number of homes and condos listed for sale in September 2020 was 2% higher than in August 2020; however, there were 48.9% fewer homes listed than in September of 2019. Although 3,500 homes were added to […]
Housing Market Update Even with the inventory spike in August, September continues to break home sale records! The number of homes closed during the first three quarters of 2020 is now just 1.3% behind 2019 according to the Columbus REALTORS® Multiple Listing Service. In August, almost 3,400 homes sold, which is 5% more than this […]
Housing Market Update COVID-19 remains a serious concern, but many still have to sell while others want to take advantage of low interest rates, so real estate continues! Despite continued school and business closings, many homeowners have no choice, but to sell their homes; and, interest rates remain at record lows which continues to attract […]
Housing Market Update It’s been rather a warm winter so far; thus, the real estate market remains quite hot! New listings in January jumped to 2,407, an increase of 10.4 percent from a year ago and up 61.9 percent from the previous month according to Columbus REALTORS® Multiple Listing Service. “The infusion of new inventory helped feed […]
Housing Market Update Tis the season of celebrations and new beginnings, and what a better way to ring in the New Year than in a new home! With continued rise in demand and with how quickly homes have sold, Columbus has remained in the list of top ten hottest real estate markets in America since March […]
Housing Market Update The holidays are upon us, and a new a home for the new year would be a wonderful gift for the whole family! Favorable interest rates, new inventory, a rise in sales contracts and strong price growth contributed to keeping the housing market active last month according to the Columbus REALTORS® Multiple […]
