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 […]

Earlier this month, the Columbus area was ranked the #1 hottest housing market in March by Realtor.com 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 […]

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 […]

Central OH Homes Continue to be a Good Investment! Home prices continue to rise in central Ohio as the median sales price of a home sold from January through November 2018 was $195,000 which is 7.7% higher than homes sold during the same period last year. The average sales price for the first eleven months […]

Future home sales looking strong in central Ohio It’s no secret that interest rates have slowly, but surely, been inching upwards. While a 5% interest will cause many buyers to pause and reevaluate their purchasing power and strategy. Even a quarter point has a real impact on housing affordability. Skepticism is in the air, meaning […]

Inventory breaks 91-month streak The fall season is cooling down more than the temperature outside; it’s also putting a much-needed chill on hot housing markets, as in many markets home prices have become unaffordable to the average buyer. Across the country more than one in four home sellers dropped their asking price last month. With […]