Market Updates
Posts
Market Update: Why Luxury Home Sales are on Fire
The housing market kept rallying throughout fall. We are on track to set a new sales record in 2020. Residential sales were up by 12.7% in November when compared to the same month a year ago, and the average sales price jumped by 15.3%. With low interest rates...
Market Update: Home Prices Spike, Inventory Plummets, Sales Jump Higher than in 2019
Sales of existing homes saw a spectacular gain despite of plummeting inventories and rapidly rising prices. Nationwide, October sales increased year-over-year by 26.6%. How the Columbus Housing Market Compares Home sales are on track to surpass 2019 by at least 3%....
Market Update: Home Values Climb 16% in September
The Columbus housing market more than recovered from the pandemic: Year to date home sales are higher than in 2019 Home values have skyrocketed by 16% in September Homes sell for more than list price (in average), and The supply is down to 1 month (this means the MLS...
Market Update: Home Values Keep Rising, with No End in Sight
The uncertainties caused by the Covid pandemic kept many homeowners from listing their properties this year. At the same time more buyers than ever started to look for a new home, hoping to take advantage of the lowest interest rates ever. This created the perfect...
Market Update July 2020: Sales Prices Exceed List Prices
The housing market has experienced an incredible recovery after the lockdowns. We broke numerous records in July, but a surprise development may signal the end to the summer boom. Monthly Closings Set All-Time Record A total of 3,536 home sales closed in July. That's...
Market Update: June 2020 Housing Stats Break All-Time Records
June 2020 was a month of all-time records. The housing market rebounded from the pandemic. We are trying to satisfy the pent-up demand of buyers who could not purchase in spring due to the lock down. Showing requests are 10% higher than last year, while new listings...
Market Update: Median Sales Price Highest Ever While Closings Slump
The May market update from the Columbus Association of Realtors confirmed my previous estimates. The listing inventory is 28% lower than a year ago, but buyer interest has surged significantly since the economy started to re-open - and home values keep rising. ...
Receive Weekly Updates