Since March of 2018, Columbus, Ohio has been on the list of top 10 hottest real estate markets in the U.S. In March of 2019, Columbus was at the top of this list. Plus, Columbus recently made the list of top 10 markets expected to outperform in the next 3-4 years.

“Living in central Ohio has become highly attractive due to many things, not the least of which is job availability, diversity of housing options, affordability and exciting entertainment and dining options,” said John Myers, 2019 President of Columbus REALTORS®.

“Based on these factors and our healthy economy, a home is and will continue to be one of the best investments you can have.”

The median sale price of a home sold in central Ohio this year is up to $210,000 which is 7.7 percent higher than 2018. The average sale price is $241,810, up 6.0 percent from last year.

Homes sold in November were up 3.1 percent to 2,465 putting Columbus just slightly ahead of last year for the first 11 months of the year.

There were 2,163 homes listed for sale last month which is 2.0 percent lower than November of 2018 and a significant drop (34.2 percent) from the previous month.

This brought the total inventory of homes for sale last month to just over 4,700.

“Even in these winter months and business of the holidays, we have a diverse inventory base which offers consumers a good selection of homes in all price ranges,” added Myers.

Days on Market mismatch

We are in a long Seller’s Market trend, however, that is being fueled by homes in the lower price range. As you can see from the below chart from Columbus Realtors®, homes below $350k are selling much more quickly due to heavy demand.

This makes conditions ideal for move-up buyers: homeowners ready to move up from their first or second home.

Ready to sell? If you’re ready to sell your home, contact us at 614-517-4916 to get started.