Central Ohio Housing Market Update: More Listings, Less Frenzy

Thinking about selling your home this summer? You’re not alone—and you might just be in a sweet spot. The Columbus real estate market in May 2025 is offering sellers new opportunities, as more homes hit the market and the frenzy of past years gives way to a steadier pace. With inventory climbing and buyers moving more deliberately, this could be the right time to make your move.

🏠 Inventory Is Up—and That’s a Good Thing

Let’s start with the numbers. In May 2025, Central Ohio saw a 36% year-over-year increase in inventory, climbing to 4,828 active listings. That’s up from 4,432 just a month prior. What does that mean for you as a homeowner?

• More competition means buyers are being more selective
• You’ll need to price strategically and prepare your home thoughtfully
• But more listings also mean more move-up options if you’re selling and buying

This shift is helping re-balance the market, giving both buyers and sellers breathing room. Gone are the days of 15 offers in 24 hours, today’s buyers are taking their time and being intentional.

💡 Seller Spotlight: Why Homeowners Hold the Power

According to Columbus REALTORS® President Buffie Patterson, “The home seller is the story of the summer so far.” And she’s not wrong. Despite rising inventory, demand is holding steady.

Here’s what’s driving your advantage as a seller:

• Median home price has climbed to $335,500, up 1.7%
• Homes are still selling at 100% of list price on average
• Sales are nearly identical to 2024, with 2,835 closed sales in May

Yes, homes are taking a bit longer to sell—an average of 28 days on market compared to 22 last May. But that’s still lightning fast by historical standards, especially considering current interest rates.

📉 The Mortgage Rate Factor

Now let’s talk interest rates. With 30-year fixed rates hovering around 7%, many would-be buyers are more cautious. That doesn’t mean they’re not buying, it just means they’re looking for the right deal.

This rate environment also impacts sellers:

• If you’re sitting on a 3% or 4% mortgage, you might feel hesitant to let that go
• Some sellers are offering rate buydowns or closing cost credits to attract buyers
• Buyers have less buying power, which can affect pricing strategies

If you're thinking about a move, it's a great time to explore your home’s value and see how the numbers shake out for you.

📍 Local Spotlight: Columbus and Columbus City Schools

More than 50% of all closed sales in May occurred within Columbus proper and the Columbus City School District. That’s 1,407 homes, half of all activity in Central Ohio. If you live in these areas, your home may be in especially high demand.

Buyers are still prioritizing:

• Walkable neighborhoods
• School district performance
• Move-in ready condition

If your property hits one or more of those points, you may be able to command top dollar. Even if it needs a little love, the right upgrades can make all the difference.

🧰 What Sellers Should Be Doing Right Now

With buyers moving at a slower, more deliberate pace, smart sellers are stepping up their game. Here’s how to stand out in today’s market:

• Declutter and stage, especially key rooms like kitchens and living areas
• Make small but impactful updates: fresh paint, modern lighting, updated hardware
• Get a professional home valuation to set the right price
• Work with a REALTOR who understands how to market in a transitional market

You can start by scheduling a free listing consultation with me. I’ll walk you through pricing, prep, and timelines—no pressure, just real advice.

📊 Quick Stats Recap: May 2025 Columbus Housing Market

• Inventory: 4,828 homes (up 36% year-over-year)
• Closed Sales: 2,835 homes (virtually unchanged)
• Under Contract: 3,192 homes (up 0.4%)
• Median Sale Price: $335,500 (up 1.7%)
• Average Days on Market: 28 (up from 22)
• Average List-to-Sale Ratio: 100%
• Mortgage Rate (30-Year Fixed): ~7%

✅ Key Takeaways for Sellers

• The Columbus market is becoming more balanced, not declining
• Homes are still selling well, especially in desirable locations
• The 40 to 70 age group may benefit most from making a move now

If you’re debating whether to upsize, downsize, or relocate entirely, this market offers the flexibility to do so thoughtfully and strategically. The key is working with someone who can help you make the most of it.

Let’s talk about your goals. Schedule your free consultation today or get a personalized home value estimate in just a few clicks.