The Central Ohio real estate market finished strong on 2016. The numbers just came in for January 2017, so let’s see how the market is doing now.

Homes For Sale/Sold/Pending/New Listings

Homes For Sale in January 2017: 3328 units.
Down 10.9% compared to the last month
Down 27.1% compared to the last year

Homes Listed in January 2017: 1993 units.
Up 42.4% compared to the last month
Down 4.1% compared to the last year

Homes Closed in January 2017: 1437 units.
Down 33.5% compared to the last month
Up 0.8% compared to the last year

Homes Placed under Contract in January 2017: 2383 units.
Up 45% compared to the last month
Up 36.6% compared to the last year
Central OH Homes Chart Jan 2017 Central OH Housing Data Jan 2017

Central OH Number Of Homes For Sale Jan 2017

Average Price Per Square Foot

January 2017 Average Sold Price per Square Footage was Depreciating*

Average Sold Price per Square Footage in January 2017: $106
Down 1.9% compared to the last month
Up 8.2% compared to the last year

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

Central OH Avg Price Per Square Foot Jan 2017 Central OH Average Price Per Square Foot Jan 2017

Average Days On Market in Central Ohio

January 2017 Average Days on Market trend was Rising*

Average Days on Market in January 2017: 47
Up 20.5% compared to the last month
Down 16.1% compared to the last year

January 2017 Sold/Original List Price Ratio Fell*

Sold/Original List Price % in January 2017: 95%
Down 1% compared to the last month
No Change compared to the last year

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

Central OH Days On Market Jan 2017 Central OH Avg Days On Market Jan 2017

Average Prices & Median Price

January 2017 Median Sold Price was Depreciating*

Average Median Sold Price in January 2017: $168
Down 0.6% compared to the last month
Up 8.4% compared to the last year

January 2017 Average For Sale Price was Neutral*

Average For Sale Price (in thousand) in January 2017: $318
Up 2.3% compared to the last month
Up 20.9% compared to the last year

January 2017 Average Sold Price was Depreciating*

Average Sold Price (in thousand) in January 2017: $204
Down 0.5% compared to the last month
Up 7.9% compared to the last year

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

Central OH Home Prices Graph Jan 2017 Central OH Home Prices Jan 2017

Months Of Inventory in Central Ohio

January 2017 was a Seller’s market*

Months of Inventory based on Closed Sales in January 2017: 2.3
Up 34.7% compared to the last month
Down 28.1% 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 OH Months Of Inventory Chart Jan 2017 Central OH Months Of Inventory Jan 2017

Your Central OH Real Estate Expert

Whether you’re thinking about buying, selling, or both, it helps to know and understand current real estate market conditions. I am always happy to answer your real estate questions. Contact me, REALTOR® Rita Boswell, at 614-547-3229 to learn more about real estate in Central Ohio.

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