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Market Update: Record Number of New Listings Result in First Inventory Gain in 28 Months

Market Update: Record Number of New Listings Result in First Inventory Gain in 28 Months

by Susanne Novak | Aug 30, 2021 | Market Updates

The July 2021 housing report shows how the Columbus real estate market is slowly normalizing. Sales were only 2.7% higher than during the same month a year ago. The Median Sales Price remained at $275,000 for the third month in a row. This represents a year-over-year...
New Home Permits Are UP by 61% but Buyer Traffic Drops

New Home Permits Are UP by 61% but Buyer Traffic Drops

by Susanne Novak | Aug 23, 2021 | Buyer Tips

A sharp rise in building permits and a decline in buyer traffic at model homes gives you more choice with less competition when you build new. However, the price of new construction is not going to drop anytime soon. Here are the details … Building Permits Rise...
Should You Build Now When Construction Costs Explode?

Should You Build Now When Construction Costs Explode?

by Susanne Novak | Aug 9, 2021 | Buyer Tips

Many buyers see new construction as their only option to avoid bidding wars in today’s competitive sellers’ market. However, building new is becoming increasingly expensive, and you may have to wait 12 months before you can move in. Should you consider new...
Market Update: Record Sales Fueled by Rise in New Listings

Market Update: Record Sales Fueled by Rise in New Listings

by Susanne Novak | Jul 26, 2021 | Market Updates

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...
Don’t Overpay Now! The Buying Frenzy May be Over Soon

Don’t Overpay Now! The Buying Frenzy May be Over Soon

by Susanne Novak | Jul 19, 2021 | Buyer Tips

Did you miss out due to multiple offers this spring? Don’t give up, yet! You will have a second chance to buy without overpaying because the housing market seems to be normalizing. Now is Not the Time to Overpay! On Friday I toured a few listings with one of my...
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Recent Posts

  • Market Update: Average Sales Price Hits New Record, Inventory Improves
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  • Should You Buy a $875,000 Townhouse in Dublin’s Bridge Park?
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