Summer is over, and the kids are back to school. Has the real estate market in the Columbus area cooled with the weather? Let’s take a look at the market data…
When you think of tech cities, San Francisco or San Jose may be what springs to mind. However, due to the very high cost of living in the Bay Area, these are not the Best American Cities to Work in Tech for 2017.
SmartAsset looked at cost of living and other factors to find other parts of the country where tech is booming, and people can afford to live comfortably.
It’s been a busy summer for real estate in Central Ohio, let’s take a moment to see how the market finished in July.
Probably everyone knows about Zillow and their “Zestimate,” but in case you don’t, here’s what it is (according to Zillow):
“The Zestimate® home value is Zillow’s estimated market value for an individual home and is calculated for about 100 million homes nationwide. It is a starting point in determining a home’s value and is not an official appraisal. The Zestimate is automatically computed daily based on millions of public and user-submitted data points.”
Sounds great, right? The general public gets to quickly look at a home and get a snapshot of the home’s value …except it’s basically worthless as a home value estimate, and here’s why.
Inventory moved up slightly in Central Ohio in June, and the Median Price For Homes Sold was the same in June as in May. However, the Average Price Per Square Foot on Sold homes moved up from May to June.
Continue reading to get details and see if it was still a Seller’s Market in June for Central Ohio.