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Columbus Market Update: Average Sales Price of Homes Exceeds $200K

Columbus Market Update: Average Sales Price of Homes Exceeds $200K

by Susanne Novak | May 29, 2016 | Market Updates

The Columbus housing market continues to boom and the average sales price of existing homes has surpassed $200,000. As we approach the peak of the spring buying season, home sellers got used to multiple offers above list price and contracts within days of listing...
Listing Inventory Hits Rock-Bottom Despite Record Breaking Central Ohio Housing Market

Listing Inventory Hits Rock-Bottom Despite Record Breaking Central Ohio Housing Market

by Susanne Novak | Jan 31, 2016 | Market Updates

2015 was record breaking for real estate in Columbus OH. The market beat its previous high of 2005 when housing boomed. The total number of homes and condos sold in 2015 was 29,408 – almost 2,000 units more than in 2005. While December 2015 home sales were up by...
Will Columbus Home Sales Fall Off A Cliff in August?

Will Columbus Home Sales Fall Off A Cliff in August?

by Susanne Novak | Aug 23, 2015 | Market Updates

The first half of 2015 was fantastic for real estate. Columbus home sales have increased dramatically over the past year. Home values have recovered from the housing crash and even exceed pre-recession levels. And, days on market (DOM) are at 10 year lows. According...
As Housing Sales Boom Home Ownership Rate Takes a Plunge

As Housing Sales Boom Home Ownership Rate Takes a Plunge

by Susanne Novak | Jun 28, 2015 | Market Updates

May 2015 was another excellent month for Columbus home sales. Closed transactions increased by 8.4% year over year. And the average sales price is up by 9.1%, getting close to the $200,000 mark. Days on market (DOM) have decreased to 54. And the inventory hovers at...
Hyper-Local Housing Market Stats for Your Columbus Neighborhood

Hyper-Local Housing Market Stats for Your Columbus Neighborhood

by Susanne Novak | May 24, 2015 | Neighborhoods

Most housing data I share on my blog cover the Columbus Metro Area. Sometimes I write about specific suburbs, like Dublin or Powell and neighborhoods such as Muirfield Village. Most of these data represent averages of very large areas. Everybody know that real estate...
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