It may be the Holiday Season, typically the “slow season” for housing, but the real estate market remains strong in Central Ohio.

November’s market numbers just came in, so lets dig into the data.

Central OH Homes For Sale/Sold/Listed/Pending

Homes For Sale in November 2016: 4272 units.

  • Down 8.8% compared to the last month
  • Down 23.4% compared to the last year

Homes Listed in November 2016: 2015 units.

  • Down 22.3% compared to the last month
  • Up 5.4% compared to the last year

Homes Closed in November 2016: 1998 units.

  • Down 17.5% compared to the last month
  • Up 12.8% compared to the last year

Homes Placed under Contract in November 2016: 2486 units.

  • Down 1.2% compared to the last month
  • Up 32.9% compared to the last year

Columbus OH Real Estate For Sale and Sold Nov 2016

Central OH Real Estate For Sale/Sold/Pending/Listed in 11/16

Columbus OH Real Estate For Sale Sold Pending Listed Nov 2016

Average Price Per Square Foot For Central OH Sold Homes

November 2016 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in November 2016: $107

  • Down 0.9% compared to the last month
  • Up 5.9% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral

Central OH Real Estate PPSF 11-16

Central OH Real Estate PPSF Nov 2016

Days On Market In Central OH

November 2016 Average Days On Market Trend Is Rising*

Average Days on Market in November 2016: 50

  • Up 8.7% compared to the last month
  • Down 21.9% compared to the last year

November 2016 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in November 2016: 96%

  • 0% compared to the last month
  • Up 1.1% compared to the last year

*Based on 6 month trend – Rising/Falling/Remains Steady

Central OH Real Estate DOM 11-16

Central OH Real Estate DOM Nov 2016 Report

Average For Sale/Sold Prices and Median Price

Nov 2016 Median Sold Price is Neutral* in Central OH

Average Median Sold Price in November 2016: $180

  • Up 3.4% compared to the last month
  • Up 13.9% compared to the last year

November 2016 Average For Sale Price is Depreciating*
Average For Sale Price (in thousand) in November 2016: $314

  • Down 0.6% compared to the last month
  • Up 18.5% compared to the last year

November 2016 Average Sold Price is Depreciating*

Average Sold Price (in thousand) in November 2016: $207

  • Down 0.5% compared to the last month
  • Up 8.9% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral

Central OH Home Prices Chart Nov 2016

Central OH Real Estate Market Update Nov 2016 Home Prices Compared

Months Of Inventory In Nov 2016

It’s A Seller’s Market* in Central OH

Months of Inventory based on Closed Sales in November 2016: 2.1

  • Up 10.3% compared to the last month
  • Down 31.8% compared to the last year

*Seller’s market: less than 3 months of inventory based on closed sales

Central OH Housing Update Months Of Inventory Nov 2016

Central OH Real Estate Market Report Nov 2016 Months Of Inventory

Have Questions? I Can Help!

If you have questions about this report or the Central OH real estate market in general, contact me, Realtor Rita Boswell, at (614) 547-3229. I am always happy to talk real estate!

Stay In-The-Know in Columbus

Whether you’re thinking about buying or selling a home in the near future, it is valuable to understand your local real estate market conditions.

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