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Market Update: Average Sales Price Hits New Record, Inventory Improves
At $318,826 the average sales price of a Columbus home has reached an all time record. That's 11.9% higher than a year ago, and higher than the previous record from June 2021. The number of closed sales was 2.5% lower than in March 2021. This is mostly due to the lack...
Market Update: Home Values Rise by 11% in Feb, Keeping First-Time Buyers Struggling
There were no surprises in the February housing report. Home sales were up by 1.8%, while pending contracts slipped by 1% as compared to a year ago. The 5% increase in new listings improved the inventory by only 3.3%. As of this morning, there were 1,540 active...
Market Update: Median Price Up by 11% while Home Sales Decline in January
The Central Ohio Housing Market was mostly unchanged in January. Home sales and pending contracts were slightly lower than last year, while home values kept rising by double digits. Home Sales Down - Inventory Remains Low The chart below shows how Pending Contracts...
Market Update: Home Sales & New Listings 10% Higher in 2021
Together with the December 2021 housing report, the Columbus Association of Realtors published an Annual Report on the Columbus Housing Market. Here are the highlights of last year's booming market and some insights on what to expect as we go into 2022. Home Sales Up...
Market Update: Record Sales & Strong Buyer Demand Push Inventory Lower
I received the official homes sales data for November just before the holidays ... there is simply no end to the hot housing market. The total number of home sales closed since the start of 2021 already surpassed all sales recorded in 2020. We are certainly heading...
Market Update: Closed Sales & Pendings on the Rise While Inventory Falls
The Columbus housing market was buzzing during the month of October. Home sales were up by 5% and pending contracts were 11.6% higher than a year ago. Buyers who missed out during the spring selling season are taking advantage of less competition while interest rates...
Market Update: Inventory Takes a Tumble as Fewer Owners List in Suburbs
Home sales scored another record in September and prices were up by double digits. There was an unexpected drop in inventory (compared to August) which was partially due to a sharp decline in new listings in some major suburbs. New Listings Plummet in Popular Suburbs...
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