New home construction has surged all over the country in 2016. With inventories dropping further every single month, many of my customers choose to buy a spec home (or have one built). This is the best solution, if you can’t find the features you are looking for in existing listings. According to the Census Bureau 4,040 […]
News – Market Updates
December 2016 home sales were flat as compared to a year ago, but home values keep rising. We did not see the usual “December Spike” I mentioned in a previous market update. Overall 2016 was a record year! Closed sales were up by 6.8% and home values rose by 5.8% for an average sales price […]
House flipping is gaining in popularity again. An increasing number of property investors wants to get back in the market to capitalize on the very limited supply of homes for sale and a strong demand from buyers. Reality shows on channels like HGTV have contributed to the house flipping craze. They make it appear easy with huge profits […]
Home sales dropped by 7.6% in the Columbus MLS during the month of July 2016. This comes as a surprise to both economists and Realtors, who predicted solid growth for the rest of the year. Why did the Columbus Real Estate Market fall off a Cliff? Here are a few reasons for the decline: Low Inventory […]
The Columbus housing market continues to boom and the average sales price of existing homes has surpassed $200,000. As we approach the peak of the spring buying season, home sellers got used to multiple offers above list price and contracts within days of listing their property. April housing data indicate that it will get even more competitive this summer. I don’t […]
While 2015 was the best year of record for Columbus real estate, the listing inventory dropped to 6,010, leaving home buyers competing for a very limited number of houses for sale.
While Columbus home sales have reached record highs in July 2015, we observed that the market has slowed down considerably in August. Find out why homes sales will not fall off the cliff later this year.
In May 2015 the Columbus housing market is booming with sales and values up by almost 10%. The rate of home ownership has plunged to the lowest level in 30 years. Find out why.
While Columbus home sales and pending contracts exceeded all expectations in March 2015, the inventory of homes for sale is almost depleted. Find out why the average sales price has reached its peak and you should not expect home values to increase significantly this year.
This market update for Feb 2015 explains why the Columbus OH homes for sale inventory is at a 25 year low. Easily readable charts show sales prices, inventory and homes sold and in contract data going back to 2012.