The Central Ohio Housing Market Remains Strong A booming local economy continues to boost a healthy housing market and Central Ohio home prices continue to rise. The average price of a home in central Ohio is still climbing as the area continues to be a desired destination to live, work, and play. That said, rising […]
Over the past few years most pockets of the U.S. housing market have been plagued by a historically low inventory of homes for sale, which has lead to increased competition and driven up prices to record highs. The housing market finally appears to be entering a cool-off period, with price appreciate beginning to decelerate. But the […]
Spring may have sprung early in the housing market. The U.S. median list price set a record high of $392,000 in February, according to Realtor.com®’s Monthly Housing Trends Report. Many markets continued to post double-digit annual price gains, led by Las Vegas, Miami, and Tampa, Fla., with annual increases of at least 31% each (home […]
BUYERS WANT TO LIVE IN CENTRAL OHIO The Central Ohio Housing Market was mostly unchanged in January. Home sales and pending contracts were slightly lower than last year, while home values kept rising by double digits. While population in the counties served by the Columbus REALTORS® MLS increased almost 13% between the 2010 and 2020 […]
Seeing high demand and the opportunity, investors small and large alike are snatching up as much U.S. real estate as they can. Investors purchased 18.4% of homes in the fourth quarter—a record high, according to housing data. Investors are seeing opportunities in turning homes into rentals which continue to command higher rents, or with plans […]
2021 CENTRAL OHIO HOUSING ACTIVITY BREAKS RECORDS Fervent buyer demand in central Ohio, driven by pandemic-induced changes to housing needs and preferences, reached extraordinary levels in 2021. This increased competition for homes resulting in multiple offer situations which drove prices significantly higher for the year. As a result, home prices and sales reached record highs […]
2021 HOME SALES HAVE ALREADY PASSED 2020 There have been 33,548 homes and condominiums sold in central Ohio this year (January through November). Not only is this 9.3% higher than the same period last year, but it surpasses the total number of homes sold (33,431) in 2020 (33,431). Sales last month were 8.7% higher than […]
For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full […]
Record sales at record prices in record time! A healthy influx of new listings in June has resulted in the highest number of homes sold on record during any month ever in Central Ohio. There were 3,644 homes closed in June, which was 15.6 percent higher than last year, and 21.3 percent higher than May. […]
Rents are shooting up, and new data suggests they’ll keep climbing at an elevated pace in the years ahead. The rally began in the housing market, where a buying frenzy dragged national inventory to historic lows and led prices to surge at their fastest rate in over 30 years. Not surprisingly it’s now spilling over into the […]
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