Central Ohio Home Sales Continue to Dramatically Outpace Prior Years There were 3,091 central Ohio homes and condos sold during the month of May, a 15.7% jump over April and a 2.4% increase over May 2015. Year-to-date sales (January through May) were 11,464 which is the highest on record for the first five months of […]
Inventory finally inching up in central Ohio Central Ohio housing inventory finally began inching up during the month of April, with the total inventory coming in at 5,361. This is a 1.2% increase over the previous month, though still down 23.4% from April 2015. There were 3,910 central Ohio homes and condos added to the […]
Low inventory levels are a defining characteristic of the current housing market. While it is not a universal condition, a low inventory of homes on the market seems to be prevalent in many desirable areas including right here in Columbus. As you’ve probably heard the real estate market is thriving and in fact activity has sky rocketed! In […]
We may be on the verge of spring, but housing and economic reports work on a bit of a lag time. We’ve only just gotten the major data reports for January and February, and it’s giving us a clear-eyed view of how the real estate market is measuring up this year. And yeah, things are looking […]
What are the most exclusive communities in Columbus and central Ohio and where are the majority of the city’s luxury homes located? Our area certainly has its fair share of million dollar homes and while you can find these lavish properties in just about any Central Ohio community, the vast majority of these homes are found in twelve communities. The Central Ohio community with the most homes […]
Home buyer demographics and buying behavior change slightly from year to year due to macroeconomic factors ranging from the health of the economy to inflation to the global trade on oil prices. The National Association of REALTORS® recently released its 2015 Profile of Home Buyers and Sellers report and there are some interesting new trends emerging this […]
According to a new study by the Mortgage Bankers Association, the housing market is poised for one of its largest expansions in history. By 2024, demographic and economic changes are forecasted to bring 15.9 million additional households on board. That means an average of 1.6 million additional households per year, sparking “housing market growth over the next […]
Central Ohio housing market shattered records in July The Central OH housing market continued it’s stellar performance in July once again setting new records for the volume of home sales, prices and the time to sell a home. The 3,208 home sales last month were up 1.9% over the previous month and up 11.7% from July of 2014. This also […]
Since the epic housing boom and bust of the last decade, nearly 8 million borrowers have lost their homes to foreclosure. Now, with credit repaired, many of them want to try homeownership again. The numbers are small to start, but so-called boomerang buyers could become a significant driver of new housing demand over the next few years. In […]
2014 a year for multiple offers and same day contracts in central Ohio It was a strong year for the Columbus and Central Ohio housing market and metrics like sales price (ie. home values) and sales to list price ratios were up. The overall average sale price of a home in central Ohio rose 5.1% to $183,099 for the year. […]
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