Tag Archives: housing report

2018 Central Ohio Housing Market Forecast

Almost every major US housing market is plagued by short supply. In fact, inventory nationally for pre-owned properties is at 3.9 months, down 10.4% from last year, this according to the National Association of REALTORS® (NAR) in a recent report. The challenge, according to Realtor.com®, could moderate in the next year. Groundbreaking is projected to […]

Columbus Housing Market Report – March 2017

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 […]

Columbus Housing Market Report – February 2017

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 […]

Housing Market in Need of More New Homes

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 […]

Columbus OH Housing Market Report – June 2016

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 […]

Columbus OH Housing Market Report – April 2016

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 […]

Expect a Strong Spring Housing Market

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 […]

Columbus OH Housing Market Report – February 2016

February Saw Record Highs and Lows for the Central Ohio Housing Market  There were 1,610 central Ohio homes and condos sold in February, up 6.0% from the previous month, up 4.7% rise from one year ago, and a record high for the month. January home sales also set a record high and sales for the first […]