Market Updates
Posts
Market Update: Record Sales Fueled by Rise in New Listings
June was another record-breaking month for the Columbus housing market. Sales were up by 15.6% over June last year. It only took 11 days in average to get a contract on a listing - that's 59.3% faster than a year ago. The average sales price peaked at $316,207 - an...
Market Update: Days on Market Plummet by 90% since 2011
While home sales have slowed down in many parts of the country during the month of May, the Columbus housing market is still red hot. Closed sales, pending contracts, and sales prices are up by double digits. Even New Listings have increased by 20.7% in May as...
Market Update: New Listings Increase by 33% while Showing Index Hits Record High
The Central Ohio housing market is booming. As a buyer you know how hard it is to get an offer accepted when 20 others compete for the same property. Home sales were 23.1% higher in April compared to the same month last year. New listings increased by 32.9%, and the...
Market Update: How Much Over List Price Should You Offer to Win?
The total number of homes sold increased by only 2.3% in March. Not a big jump if you consider that we were locked down this time last year. However, the average sales price was up by 11.5%, Days on Market plummeted by 41.5%, the average home sells for more than list...
Market Update: Why Home Sales Dropped in February
The February 2021 housing report offers bleak news for buyers. Strong buyer demand has pushed the average sales price 13.4% higher. We suffer from record low inventories leading to a decline in sales of 2.9%. Pending contracts plummeted by a stunning 11.9% which will...
Market Update: On a Crash Course to Zero Inventory
In January, home sales increased by 10.4% while new listings declined by 9.1%. Are we facing a future with absolutely no inventory for sale? This chart shows how the inventory has dropped over the past 10 years. In January, the number of home sales surpassed active...
Market Update: 5 Charts Show How 2020 Home Sales Broke All Records
The 2020 housing market broke all records. After a short interruption due to Covid related lockdowns, real estate staged a remarkable comeback in the second half of the year. Despite of Covid, Realtors sold more homes in less time at higher prices than ever before. In...
Receive Weekly Updates