Market Updates
Posts
Market Update: Spike in Condo Sales Makes July Best Ever
July saw a 3.9% increase in home sales. It's mostly due to a sharp rise in condominium sales while single family homes were stagnant. A lack of new listings kept the inventory at its lowest level ever for the month of July, while home values keep rising. Trends We...
Market Update: Building Permits Slump by 21%
June used to be the best month for home sales. Not this year. Home sales were down by 3.6% as compared to a year ago. While other metros are reporting more listings and longer days on market, Central Ohio is stubbornly fighting a lack of inventory. Who's the culprit?...
Market Update: Avg Sales Price Shattering the $250K Glass Ceiling
Last week I received a voice message from an angry homeowner. He accused me of FAKE NEWS after he received my postcard saying that the median sales price skyrocketed by 12.4%. Sorry, pal. It's true. Columbus Realtors housing stats show that the median has increased by...
April Market Update: Median Sale Price Skyrockets by 12.4%
In a somewhat surprising twist, the Columbus housing market bounced back in April. This month's home sales stats are almost a complete opposite of March's. Median Sale Price Skyrockets by 12.4% In April the Median Sales Price of existing homes increased to $213,600...
March Market Update: Home Sales Slump by 8.7%
Don't be fooled by a report claiming that Columbus is the Hottest Housing Market in the country or by a news release that states home sales were up by 24.7% in March. Both claims are misleading. Keep reading to find out what's really going on ... Closed Sales, New...
Market Update: Fewer New Listings – More Closed Sales
The latest Housing Report was just released by the Columbus Association of Realtors. It clearly shows that the market is heating up again. Lots of buyers are looking for homes below $400,000, but there are not enough listings. The inventory increased by 7% in February...
January 2019 Market Update: Home Sales Down while Inventory Grows by 12%
The housing market is changing. Both inventory and new listings have increased by more than 10% in January, while closings are down from a year ago. The original list price to sale price ratio dropped to 94.8%. Sellers have accepted larger discounts than any time in...
Receive Weekly Updates