EXCITING CENTRAL OHIO REAL ESTATE MARKET NEWS....

There’s a reason Columbus ranked #1 hottest housing market in March (April 22, 2019 – Columbus, OH) – Earlier this month, the Columbus area was ranked #1 hottest housing market in March by Realtor.com based on home listing activity and days on the market. Last month, there were one thousand more homes listed for sale compared to February. The jump from 2,200 to 3,200 new listings generated increased interest and foot traffic from buyers actively seeking to purchase a home in central Ohio. As a result, more homes were sold or put in contract in March according to the Columbus REALTORS® Multiple Listing Service. Months supply remains at 1.4 meaning that, if no more inventory were added to the market, it would take less than a month and a half to sell the current inventory based on the current sales pace. “Even with the increase in new listings, we ended the month with roughly the same number of listings as we had in February,” said John Myers, 2019 Columbus REALTORS® President. “This means consumers bought as much as was added to the market.” Although March 2019 homes sold or pending sale was down from one year ago, sales were up 24.7 percent from the previous month and homes that went into contract spiked 32.3 percent from February. The median sale price of a home in central Ohio sold during the first quarter was $189,900, up 6.1 percent from one year ago. The average sale price was $221,372, up 3.9 percent from the first quarter of 2018. “Given our strong job growth, low-interest rates and so many central Ohio buyers looking to buy a new home, we’re hoping to see new listings continue to increase as we head into the summer months,” added Myers. Current housing report – March 2019 All housing reports   Columbus REALTORS® is comprised of over 8,300 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more. The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross counties. To view residential properties for sale, visit Homesnap.com. To view commercial properties for sale or lease, visit COCIE.org.

Copyright © 2019 Columbus REALTORS®, All rights reserved. Columbus REALTORS® 2700 Airport Drive, Columbus, OH Columbus, OH 43219 Source:  Columbus REALTORS® April 22, 2019 – Columbus, OH

CENTRAL OHIO REAL ESTATE MARKET NEWS....

Inventory on the rise in central Ohio (August 22, 2018 – Columbus, OH) – The inventory of homes for sale in central Ohio in July climbed to 5,184, a 5.5 percent increase over June, although still down 5.7 percent from July 2017. This is the highest inventory of homes listed for sale since last fall according to the Columbus REALTORS® Multiple Listing Service.   “The slight increase in inventory is encouraging for buyers,” said 2018 Columbus REALTORS® President Sara Walsh. “Buyers are still actively house hunting with both interest rates and home prices continuing to rise. Now is the time for serious buyers to partner with a REALTOR® to get their proverbial foot in the door.” The increase in inventory is thanks to the 3,843 homes and condos that were added to the market in July. July’s new listings were 0.4 percent more than the same month a year ago, although down 5.6 percent from June. “Central Ohio sellers recognize it continues to be an excellent time to put their home on the market,” Walsh said. “With the continued demand and good appreciation, sellers are reaping the benefits of homeownership.”   There were 3,208 homes and condos sold in July, which is 2.3 percent more than July 2017, although a slight dip of 3.8 percent from the previous month. “Sales prices continue to rise which reflects the strength of our real estate market and buyers’ desire to achieve the American dream of homeownership,” Walsh said. Across the central Ohio market, homes that sold during July were on the market for an average of 23 days, unchanged from June, with an average sales price of $238,655. The average sales price is 5.2 percent higher than the same month last year, but 2.5 percent below June. Median sales price was $205,000, up 6.0 percent from a year ago. According to the latest Housing Market Confidence Index by the Ohio REALTORS®, 100 percent of central Ohio REALTORS® describe the current housing market in their area as moderate to strong and 89 percent expect prices to increase over the next year. When asked what effect higher home prices are having on consumers’ interest in buying in their area, 24 percent said they are seeing increased interest, 46 percent said no change in interest, and 30 percent said a decreased interest.  Current housing report – July 2018 All housing reports Columbus REALTORS® is comprised of over 8,000 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more. The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties. To view residential properties for sale, visit a REALTOR® web site. To view commercial properties for sale or lease, visit COCIE.org.

SOURCE:  Columbus REALTORS® 2700 Airport Drive, Columbus, OH Columbus, OH 43219 8/22/2018

CE

197 Purple Finch Loop Etna, OH 43062

Property Site: http://tour.circlepix.com/home/B6B5HU/197-Purple-Finch-Loop-Etna-OH-218019852

Bedrooms: 3

Bathrooms: 3

Square feet: 2,592

Price: $244,900

For more information about this property, please contact Molly Cotter at (614) 451-0808 or molly.cotter@kingthompson.com. You can also text 5064341 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).

See more listings at: http://mollycotter.cbintouch.com/

MLS ID: 218019852

CENTRAL OHIO REAL ESTATE MARKET NEWS....

Columbus ranks 4th hottest market  (May 24, 2018 – Columbus, OH) – Columbus ranked No. 4 last month on Realtor.com's list of the nation's hottest housing markets based on how many hits each home listing gets as well as how quickly homes are selling. The national spotlight found the central Ohio area as showing activity increased 12 percent in April versus the previous month and homes spent just over a month (33 days) on the market during the month of April, according to the Columbus REALTORS® Multiple Listing Service. “In this hectic market place, as professionals, it is our job to take care of all the details, construct a clear contract, and calm the emotional storm that is part of the buying and selling process,” said 2018 Columbus REALTORS® President Sara Walsh. “As REALTORS®, we are finding ourselves in nearly daily communication with our clients who are committed to finding a home or preparing to sell.” There were 3,698 homes and condos listed during the month of April which is 9.1 percent more than the previous month and 3.6 percent more than April 2017. With the addition of those new listings, there were 3,850 homes and condos for sale in central Ohio, down 11.2 percent from last year, but up 10.5 percent from the previous month as the housing market heads into the spring selling season. “Inventory made a solid jump last month. I think that is a sign of positive things to come,” added Walsh. “Sellers realize there is a tremendous advantage in having their home on the market right now.” Buyers responded positively to the growth in inventory this year as there were 2,590 closed sales in April, which is 8.8 percent more than March and 2.3 percent more than a year ago. Year to date (January through April), the average sales price of a home in central Ohio was $216,784, an increase of 7.3 percent from April 2017. The median sales price was $182,350, up 7.9 percent from the same month a year ago. “Home values continue to increase which is an incredibly positive sign of the strength of the central Ohio market,” Walsh said. According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 100 percent of central Ohio REALTORS® describe the current housing market in their area as moderate to strong and 98 percent said they expect home prices to rise over the next year. When asked what’s keeping homeowners who want to sell their homes from putting them on the market, 98 percent of respondents said the lack of homes to buy after present owner sells and two percent of respondents said that homeowners are waiting to sell their home for a higher price. Current housing report – April 2018 All housing reports Columbus REALTORS® is comprised of almost 8,000 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more. The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties. To view residential properties for sale, visit a REALTOR® web site. To view commercial properties for sale or lease, visit COCIE.org.

Copyright © 2018 Columbus REALTORS®, All rights reserved.

Source:  Columbus REALTORS®

CENTRAL OHIO REAL ESTATE MARKET NEWS....

Central Ohio Housing Report - March 2018

By Columbus REALTORS®

• Posted: 4/23/2018
• Categories: Home Sales News Releases, Press Releases, News Archive, News for Consumers, REALTOR® Tools, Latest News, Homepage News

Inventory, closed sales on the rise in central Ohio

During the month of March, there were 3,485 homes and condos for sale in central Ohio, inching up over February by 3.2 percent. However, compared to a year ago, inventory is still down 17.3 percent. This left central Ohio with a 1.3 months supply of inventory at the current sales pace, according to the Columbus REALTORS® Multiple Listing Service.

“It’s encouraging to see inventory starting to increase in central Ohio,” said 2018 Columbus REALTORS® President Sara Walsh. “Sellers are realizing how hot the market is and are enjoying that advantage. Hopefully more sellers will follow suit, as we still have more buyers looking for homes than homes available to sell.”

There were 3,391 homes and condos listed during the month of March which is a whopping 42.9 percent more than February, but 0.1 percent less than March 2017.

The number of closed sales for March (2,381) also saw an significant increase of 41.6 percent greater than February although 8.6 percent below the same month a year ago.

“Central Ohio buyers were thrilled to see this influx in inventory and they wasted no time in committing to a new home,” Walsh said.

The average sale price of a home during the month of March in central Ohio was $219,939, which is 8.8 percent more than the same month a year ago. The median sales price was $185,000, up 9.5 percent from a year ago.

The median is the midpoint where half the homes sell for less, while half sell for more. The average sales price is the total volume divided by the number of homes sold.

“Home prices are continuing to climb and are a true reflection of how strong our market is in the greater Columbus region,” Walsh said. “This trend will likely continue as more homes are added to the market.”

Homes spent an average of 39 days on the market during the month of March, which is 5 days fewer than February.

According to the latest Housing Market Confidence Index by the Ohio Association of REALTORS®, 93 percent of central Ohio REALTORS® describe the current housing market in their area as moderate to strong and 100 percent describe their expectations for the next six months as moderate to strong.

When asked how they would describe their level of early spring sales activity, 46 percent of respondents said normal activity, 6.0 percent said lower than normal activity, but over half (58 percent) saw higher than normal activity.

 

Current housing report – March 2018
All housing reports

Columbus REALTORS® is comprised of over 8,000 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more.

The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.

To view residential properties for sale, visit www.Realtor.com.

• SOURCE:  Columbus REALTORS®, 4/23/2018

1455 Berkshire Road Upper Arlington, OH 43221

Property Site: http://tour.circlepix.com/home/AHPHYT/1455-Berkshire-Road-Upper-Arlington-OH-218011420

Bedrooms: 3

Bathrooms: 2

Square feet: 2,279

Price: $449,900

For more information about this property, please contact Molly Cotter at (614) 451-0808 or molly.cotter@kingthompson.com. You can also text 4956800 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).

See more listings at: http://mollycotter.cbintouch.com/

MLS ID: 218011420

3655 Payne Thompson Road London, OH 43140

Property Site: http://tour.circlepix.com/home/D3LPYU/3655-Payne-Thompson-Road-London-OH-218010332

Bedrooms: 5

Bathrooms: 3

Square feet: 3,167

Price: $369,900

For more information about this property, please contact Molly Cotter at (614) 451-0808 or molly.cotter@kingthompson.com. You can also text 4939099 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).

See more listings at: http://mollycotter.cbintouch.com/

MLS ID: 218010332