According to Realtor.com Hilliard Ohio is the 10th hottest housing market in America.
You probably wonder, what HOTTEST means?
Based on the rankings published by Realtor.com the “hotness” of a market “conjures something very tangible: places where people are truly gung-ho to live.” The rankings are based on how quickly homes sell and how often buyers search for homes on realtor.com.
Congrats to Hilliard for the national recognition it gets from this report, but …
Is Hilliard the Hottest City in Central Ohio?
Let’s take a look at how 3 key indicators published by Columbus Realtors in the September housing report.
The percentages indicate the change of homes sold, average sales price and days on market during January to September 2017, as compared to the same period in 2016.
Change in Homes Sold:
MLS +0.6%
Hilliard -9.2%
Dublin -3.7%
Powell +9.7%
Change in Average Sales Price:
MLS +5.9%
Hilliard +5.7%
Dublin +0.5%
Powell +5.9%
Decrease in Days on Market (how quickly homes sell)
MLS -20.5%
Hilliard -41.7%
Dublin -23.4%
Powell -24.1%
When it comes to how quickly homes sell, Hilliard is clearly the winner. According to the report Hilliard attracts lots of Millennials and young families, due to the quality of their schools and the relative affordability compared to other suburban school districts.
Home Sales Drop in NW Suburbs
As a general trend, we can see a substantial drop of home sales in the Northwestern suburbs of Columbus in 2017. Less expensive suburbs, such as Blacklick, Reynoldsburg and Galloway experienced an increase in home sales.
This is a clear sign that many buyers are looking for more affordable housing options.
September 2017 Columbus Housing Stats
Home Sales were down by 4.4% in September with 2,827 closed transactions (129 fewer closings than a year ago).
Home Values have increased by 4.3% year over year with an average sales price of $212,916 (which is almost $5,000 lower than in August). Don’t worry – that’s seasonal.
Days on Market have increased to 29 in September. That’s 6 days shorter (-17.1%) than a year ago. The supply is exactly 2 months.
New Listings 3,048 homes were listed for sale in September – that’s 2.5% more homes than in September 2016.
The Inventory is still unchanged with 5,448 homes listed for sale – 11.1% lower than a year ago.
You can download the complete housing report and all local reports at www.columbusrealtors.com/stats
Fall is an excellent time to sell your home. Buyer demand is still high, and the inventory has not changed for months.
Call or text me at (614) 975-9650 and let’s discuss your home selling or buying plans.