Susanne Novak, Broker/Realtor
  • Home
  • Market Updates
  • Buy
  • Sell
  • Blog
  • About
  • Contact
Select Page
Market Update: Average Sales Price Hits New Record, Inventory Improves

Market Update: Average Sales Price Hits New Record, Inventory Improves

by Susanne Novak | Apr 25, 2022 | Market Updates

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...
Market Update: Home Values Rise by 11% in Feb, Keeping First-Time Buyers Struggling

Market Update: Home Values Rise by 11% in Feb, Keeping First-Time Buyers Struggling

by Susanne Novak | Mar 21, 2022 | Market Updates

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

Market Update: Median Price Up by 11% while Home Sales Decline in January

by Susanne Novak | Feb 28, 2022 | Market Updates

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...
Market Update: Days on Market Plummet by 90% since 2011

Market Update: Days on Market Plummet by 90% since 2011

by Susanne Novak | Jun 28, 2021 | Market Updates

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

Market Update: New Listings Increase by 33% while Showing Index Hits Record High

by Susanne Novak | May 24, 2021 | Market Updates

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...
« Older Entries

Search This Site

Recent Posts

  • Market Update: Average Sales Price Hits New Record, Inventory Improves
  • How to Beat Skyrocketing Mortgage Rates
  • Upsizing: How Real Estate Experts Got Baby Boomers Completely Wrong
  • How to Skirt Bidding Wars with Curb Offers
  • Should You Buy a $875,000 Townhouse in Dublin’s Bridge Park?
© 2023 Susanne Novak, RE/MAX Partners | Privacy | Terms