Inventory levels are creeping up Central Ohio housing inventory continued to increase during the month of July to 5,498, an 8.3% increase over June, although still down 14.1% from July 2016. This left central Ohio with a 2.0 months supply of inventory at the current sales pace, according to the Columbus REALTORS® Multiple Listing Service. […]
Columbus and Central OH Home Prices Setting New Records Home prices are setting records in central Ohio and continue their ascent outpacing both inflation and wages. The median sales price of a home for the month of June in central Ohio was $192,650 which is up 7.0% from last year. The median sales price of […]
Home prices setting records in central Ohio Across the nation existing-home sales bloomed in May, with the median days on market at a new low and the median sales price at a new high. The job market in most of the country is healthy and the recent downward trend in mortgage rates continues to keep […]
Central Ohio home prices rising The median list price of new listings for central Ohio homes and condos during the month of April was $199,950, an 8.1 percent increase over April 2016 and a 1.0% increase from March. This is a new record high according to the Columbus REALTORS® Multiple Listing Service. Prospective buyers poured […]
Homes continue to sell quickly There were 2,531 central Ohio homes and condos sold during the month of March, a solid 50.8% increase over February and a 3.9% increase over the same month a year ago. This was the highest number of home sales on record for the month of March as well as the […]
Housing inventory drops further in February There were 2,528 central Ohio homes and condos added to the market in February, which is a 16.5% increase over January, although a 3.6% dip from February last year. This leaves inventory at 4,286, which is a whopping 21.1% decrease from the same month last year according to the […]
We need more houses. It’s going to take a long time until we have enough. Check out what happened during and after the housing bust that began in 2008: Single-family house construction cratered. House completions have recovered a bit since 2011, but they’re barely above the depths of the 1982 recession. Single-family home construction is […]
A growing shortage of lots for new homes will push up home prices in many U.S. markets. That’s the word from the National Association of Home Builders (NAHB), which says the availability of new-home lots is at a historic low. In the NAHB survey for May, 64% of home builders reported the supply of new-home […]
The U.S. homeownership rate has slowly fallen in recent years to currently its lowest level since 1965, but new research from the National Association of REALTORS® reveals that there are a number of affordable metro areas with above-average hiring and a large segment of current renters who earn enough income to qualify to buy a home […]
Central Ohio homes are a hot commodity The average sales price of a home in central Ohio during the month of June climbed to a new record high of $216,379, a 5.4% increase over June 2015 and a 1.2% rise over the previous month, according to the Columbus REALTORS® Multiple Listing Service. The median price […]
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