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 […]
Central Ohio Home Prices Rose Almost 17 Percent In April The uncertainties caused by the COVID pandemic kept many homeowners from listing their properties last 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 […]
Central Ohio Housing Inventory at ALL-Time Lows Nationally pending home sales dipped for a second straight month in February. Each of the four major U.S. regions witnessed month-over-month declines last month, while results were mixed in the four regions year-over-year. The declines come not from a cooling market, but from a red-hot one in which […]
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 […]
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 […]
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 […]
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 area housing in demand – now and in the future Columbus has retained a spot as one of top ten hottest real estate markets in America since March 2018, based on rising demand and how long it takes to sell a home. In 11 of those 20 months, Columbus ranked in the top five, […]
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 […]
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