Market Updates
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How the Housing Market Has Changed in the Past Week
We made it through the first week of the Stay-at-Home directive. The housing market is still buzzing, however, at a lower rate than we all anticipated. Today, I want to give you a short update from the trenches. Homeowners Are Still Listing 638 homes were listed for...
February Market Update: How COVID-19 Will Impact the Housing Market
The Central Ohio Housing Market Update for February 2020 is fantastic. Sales increased by 13.3%, pending contracts are up by 10.8%, and the median sales price soared by 10.7%. Unfortunately, this does not reflect what happened in the past 2 weeks and how the...
Market Update: Listings Jump 10.4% as Sellers Take Advantage of Mild Winter
In January, realtor.com named Columbus the TOUGHEST Housing Market to find a Home in the Midwest. That's based on the fact that only 8.1 homes are listed for every 1,000 households. If you've been thinking about selling your home, this market update is for you. West...
Market Update: December Sales UP by 17.7% over Last Year
The Columbus housing market had a record year in the number of sales, rising home values, and low inventories. And even the December sales shocked many of us in the real estate industry. Real estate has been very good in 2019 with no end in sight. Highlights from...
Market Update: Median Price Jumps 8% while Inventory Remains at Historic Lows
Columbus will outperform the housing market in 2020. That's the prediction made by the National Association of Realtors (NAR) in their Top Ten Outperforming Metro Market Report. Here are the top 10 US cities listed in the report. What does this mean for you? It means...
Market Update: Pending Contracts Up Sharply while Closings Decline
In October, we saw an unusually sharp increase of pending contracts, while home closings dipped a little. New listings are on the rise; however, the inventory remains at historic lows. Here are the details ... Inventory Below 2018, but Stable The inventory of homes...
Market Update: September Home Sales Spike, Decimates Inventory
September home sales were exceptionally strong. Closings increased by 8.9% over last year's numbers, probably fueled by lower interest rates. At the same time 8.4% more homeowners decided to list. It's the largest increase of new listings ever during the month of...
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