On national real estate reports, inventory continues to be a concern, and prices continue to rise. Let’s take a look at the Columbus area real estate market to see what’s happening here in Central Ohio.

Central OH Homes For Sale/Listed/Closed/Pending in April 2017

Homes For Sale in April 2017: 3234 units.
Up 4.3% compared to the last month
Down 21.8% compared to the last year

Homes Listed in April 2017: 3263 units.
Up 4.4% compared to the last month
Down 10% compared to the last year

Homes Closed in April 2017: 2248 units.
Down 6.5% compared to the last month
Down 13.4% compared to the last year

Homes Placed under Contract in April 2017: 3650 units.
Up 24% compared to the last month
Up 17.1% compared to the last year

Central OH Homes For Sale/Sold/Listed/Pending 4/17


Central OH Average Price Per Square Foot in April 2017

April 2017 Average Sold Price per Square Footage is Appreciating*

Average Sold Price per Square Footage in April 2017: $113
Up 3.7% compared to the last month
Up 7.6% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral
Central OH Avg Price Per Square Foot Graph 4/17


Average Days on Market in Central Ohio

April 2017 Average Days on Market trend Remains Steady*

Average Days on Market in April 2017: 36
Down 12.2% compared to the last month
Down 26.5% compared to the last year

April 2017 Sold/Original List Price Ratio is Rising*

Sold/Original List Price % in April 2017: 97%
0% compared to the last month
0% compared to the last year

*Based on 6 month trend – Rising/Falling/Remains Steady
Central Ohio Real Estate Market Report 4/17 Days On Market Graph


For Sale/Sold Price in Central Ohio

April 2017 Median Sold Price is Appreciating*

Average Median Sold Price in April 2017: $185
Up 5.7% compared to the last month
Up 8.8% compared to the last year

April 2017 Average For Sale Price is Appreciating*

Average For Sale Price (in thousand) in April 2017: $370
Up 2.5% compared to the last month
Up 20.1% compared to the last year

April 2017 Average Sold Price is Appreciating*

Average Sold Price (in thousand) in April 2017: $222
Up 6.2% compared to the last month
Up 8.3% compared to the last year

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

Central OH Avg Home Price of For Sale/Sold Apr 2017


Months Of Inventory in Central Ohio

April 2017 is a Seller’s market*

Months of Inventory based on Closed Sales in April 2017: 1.4
Up 7.7% compared to the last month
Down 12.6% compared to the last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

Central Ohio MOI Graph April 2017


Key Takeaways For Central Ohio

What’s this all mean for Central Ohio home buyers and sellers?
Tight inventory and rising prices continue to be a challenge for buyers, but a boon for sellers.

Central OH Home Buyers

Buyers, get in touch with me and let me know what type of home you are searching for. I can set you up with property alerts that will not only show you homes for sale that match your criteria, you will see these homes as soon as they are listed, giving you an advantage.

Start Your Search
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Central OH Home Sellers

Sellers, take advantage of this strong seller’s market and get your home listed. I’ll help you prepare your home and price it correctly.

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