Category Archives: Market Reports

Columbus Ohio Housing Market Report – August 2020

The uncertainties caused by the COVID pandemic kept many homeowners from listing their properties this year. At the same time more buyers than ever started to look for a new home, hoping to take advantage of the lowest interest rates ever. This created the perfect storm for an unprecedented real estate boom this summer, which completely depleted […]

Columbus Ohio Housing Market Report – July 2020

After three months of less than normal housing activity due to the COVID-19 shutdown, central Ohio saw a spike in home sales last month. The 3,536 homes sold in July were 12.2% higher than June and 6.1% higher than last year. Over 4,100 homes and condominiums were put in contract during the month which was […]

Columbus Ohio Housing Market Report – June 2020

Buyer demand outpacing supply During the month of June, there were 322 more homes and condominiums listed for sale compared to May. The jump from 3,232 to 3,554 new listings generated increased interest and foot traffic from buyers actively seeking to purchase a home in central Ohio. Both buyers and sellers took a step back […]

New Real Estate Reality for Columbus Home Buyers

Anyone eager to buy a home this spring probably has reasons to feel good. The job market is solid. Average pay is rising. And mortgage rates, even after edging up slightly as of late, are still near historic lows. And then there’s the bad news: Inventory levels are down and buyers are struggling to find […]

Columbus Ohio Housing Market Report – May 2019

In May 2019 the average price of homes sold in Columbus reached a new record of $253,531. That’s 7.8% higher than a year ago and the highest level yet. Although, increased home prices might seem like a deterrent, the drop in mortgage interest rates over the past three months has helped to offset this and […]

Columbus Ohio Housing Market Report – April 2019

It’s no secret that the central Ohio housing market is hot right now. As demand continues to outpace supply, homes and condominiums are selling in record time. During the month of April, homes under $350,000 sold in an average of 26 days, while homes sold between $350,000 and $500,000 took approximately 48 days to sell. […]

Columbus Ohio Housing Market Report – March 2019

Earlier this month, the Columbus area was ranked the #1 hottest housing market in March by based on home listing activity and days on the market. Don’t be fooled by this report or by a news release that states home sales were up by 24.7% in March. Both claims are misleading. Keep reading to […]

Columbus Ohio Housing Market Report – January 2019

The Number of New Listings Jumped in January There were 2,181 central Ohio homes and condos added to the market during the month of January, almost 55% more than the previous month and an increase of 13.1% from one year ago, according to the Columbus REALTORS® Multiple Listing Service. There were 1,602 central Ohio homes […]