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. […]
As spring approaches consumers are starting to plan for 2017, especially if they want to buy or sell a home. We regularly ask our clients about their home-buying or -selling journey, what motivates them—and what’s holding them back. This time of year, our pool of prospective sellers largely shifts towards those who are just starting their research but […]
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 […]
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 […]
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 […]
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 […]
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