In February, the Months of Inventory moved back down to 1.1. Since this is under 3, it’s still a seller’s market. The number of new listings went up 6% compared to February. However, the number of homes going into contract and selling outpaced the number of homes listed for sale in February. The lower number … Continued
In January, the Months of Inventory came in at 1.4. Since this is under 3, it’s still a seller’s market. Homes continue to sell quickly at only 31 days on average. Prices appear to be stabilizing, though only time will tell. The number of new listings went up 24% compared to last January. Inventory may … Continued
In December, the Months of Inventory came in at 1.2. Since this is under 3, it’s still a seller’s market. Homes continue to sell quickly at only 26 days on average. Prices appear to be stabilizing, though only time will tell. The number of new listings went down almost 25% compared to last December. Low … Continued
In November, Months of Inventory increased by almost 8%, but it remains a seller’s market because inventory is still low. Homes are still selling quickly at only 23 days on average. Prices appear to be stabilizing, though only time will tell. Continue reading to find out how the Columbus, Ohio housing market is performing. “Today’s … Continued
It’s still a seller’s market, but the real estate market is shifting in the Columbus area. In October, Months of Inventory increased. The total number of homes for sale moved up, but the number of homes placed in contract also moved up month over month. So, overall inventory increased, but there’s still not enough housing. … Continued
It’s still a seller’s market, but the real estate market is shifting in the Columbus area. In September, the Months of Inventory increased. Fewer homes were newly listed, but fewer homes were sold or went into contract. So, overall inventory increased. This is finally causing home price trends to begin to depreciate. That’s good news … Continued
It’s still a seller’s market, but it does appear to be leveling out somewhat in Central Ohio. In August, the Months of Inventory decreased slightly. The absorption rate leveled out, and the price per square foot continued to fall from July’s peak. New listings were yet again outpaced by homes going in contract, and the … Continued
Did you know that the City of Columbus has a special program for first-time home buyers? They sure do! It’s called the American Dream Downpayment Initiative (ADDI). The ADDI program joins with participating lenders to provide funds for low and moderate-income first-time homebuyers in the Columbus City School District. The program can be used in … Continued
While we’re still in a strong seller’s market thanks to high demand and low inventory, the market does appear to be leveling out in Central Ohio. Months of Inventory went up in July, and the Absorption rate went down. Trends have changed to Steady and Neutral.* In July, the Months of Inventory continued to rise, … Continued
As usual, the market heats up along with the temps. Even though Days On Market are falling and prices are rising, the market is hampered by continued low inventory. In June, the Months of Inventory rose. New listings were yet again outpaced by pending and sold homes, but there was a 40% increase in homes … Continued
As expected, as the weather warms so does the housing market. Even though Days On Market are falling and prices are rising, the market is hampered by continued low inventory. Thankfully, we are seeing more listings enter the market. In May, inventory rose somewhat but new listings were once again outpaced by pending and sold … Continued
As expected, as the weather warms so does the housing market. Even though Days On Market are falling and prices are rising, the market is hampered by continued low inventory. The demand is still there, but the supply just isn’t. In April, it does appear that the number of homes for sale and homes listed … Continued
Rita is a born helper and problem solver, so it is only natural that she has worked to earn the RCS-D (divorce designation). In divorce, there are many problems to be solved. One of the biggest issues couples face is who gets the house. After all, the family home is usually the most significant asset, … Continued
We remain in a hot seller’s market in Columbus. It’s likely to stay hot because low inventory and high demand continue to be the catalysts. In fact, the below report shows that as of this writing, there are about 900 homes currently for sale in all of Central Ohio.* Looking at the graph below, we … Continued
Since 2020, the Columbus real estate market has been extremely challenging, to say the least. The demand is high, but the supply is not. The supply imbalance has been hardest on buyers of lower-priced homes (where inventory is thinnest). With current economic conditions so murky, it’s hard to say whether or not things will get … Continued
The Columbus area has maintained a hot sellers’ market throughout the winter. This will continue into spring because low inventory continues to be an issue for everyone. In fact, the below report shows that as of this writing, there are less than 900 homes currently for sale in Central Ohio.* Read below to find out … Continued
The Columbus area has maintained a hot sellers’ market throughout the winter, and that will likely continue as we move into spring. Inventory continues to be an issue for buyers and houses are being bought up quickly. New listings are up, but they are being bought up quickly. Buyers are racing to buy before interest … Continued
Intel is investing $20 billion to build 2 chip fabs in Jersey Township. The two new factories will employ 3,000 people and will have an average salary of $135,000 annually. The project itself is expected to create 17,000 additional jobs indirectly and in construction. This huge project brings new clout to Ohio’s economic development. The … Continued
The Columbus area is still in a hot sellers’ market even as temps cool. Inventory continues to be an issue for buyers and houses are being bought up quickly. New listings are still trending down, but sold price trends are now depreciating. BOTTOM LINE: We NEED more listings in order for the market to balance … Continued
The Columbus area is still in a hot sellers’ market even as temps cool. Inventory continues to be an issue for buyers and houses are being bought up quickly. New listings are still trending down, but sold price trends are now depreciating. BOTTOM LINE: We NEED more listings in order for the market to balance … Continued
Many housing investors, prospective homebuyers, and current homeowners are anxious for what 2022 has in store. The housing market has been wild over the past two years. Prices surged to record levels. Inventory is still at or near record lows. As the year comes to an end, Realtor.com and Redfin have published their 2022 real … Continued
The Columbus area maintained a seller’s market through October and into November. Inventory is still near record lows and houses are being snatched up quickly. New listings are still trending down, and sold price trends are still appreciating. BOTTOM LINE: We NEED more listings in order for the market to balance out. Read below to … Continued
The Columbus area continued to maintain a seller’s market throughout September, of course. Inventory is near record lows and houses are being snatched up quickly. New listings are still trending down, and sold price trends are still appreciating. BOTTOM LINE: We NEED more listings in order for the market to balance out. Read below to … Continued
The Columbus area continued to maintain a seller’s market throughout August. Inventory is near record lows and houses are being snatched up quickly. The number of new listings dropped by 14% in August while pending homes moved up over 16%. Meanwhile, for sale prices fell in August, but sold price trends are still appreciating. Without … Continued
The Columbus area continued to maintain a seller’s market throughout July 2021. Inventory is near record lows and houses are being snatched up quickly. Home prices continue to rise even as the summer winds down. However, it is still a good time to buy for a long-term investment. In the near term, home prices may … Continued
The Columbus area has continued to maintain a seller’s market throughout June. Inventory is nearing record lows and houses are being snatched up quickly. Home prices continue to rise as we head through the summer market. However, it is still a good time to buy for a long-term investment. Consistently low inventory and higher demand … Continued
The fast acceleration of home prices has many wondering if we’re in a housing bubble similar to the mid-2000s. However, the experts have been saying that no, we aren’t in a housing bubble. We’ll get into why below. But first, what really IS a bubble? The balance defines an asset bubble as… An asset bubble … Continued
The Columbus area has continued to maintain a seller’s market throughout May. Home prices came down slightly over the past months which is normal for this time of year – spelling good news for buyers. BUT, inventory is still incredibly low which will continue to benefit sellers. As we come into the summer market, expect … Continued
The Columbus area has continued to maintain a seller’s market throughout April. Home prices came down slightly over the past months which is normal for this time of year – spelling good news for buyers. BUT, inventory is still incredibly low which is definitely going to continue to benefit sellers. As we shift into the … Continued
The Columbus area continued to be in a strong seller’s market throughout March. Home prices came down slightly over the past months (normal for this time of year) – which is good news for buyers. BUT, inventory is still incredibly low which is definitely going to continue to benefit sellers. As we shift into the … Continued
The Columbus area continued to be in a strong seller’s market in February, despite the weather. Home prices are coming down slightly each month (normal for this time of year) – which is good for buyers. BUT, inventory is still incredibly low which is resulting in bidding wars, no contingencies, and favorable conditions for sellers. … Continued
The Columbus area continues to be a strong seller’s market despite being in the dead of winter. Home prices are coming down slightly each month – which is good for buyers. But, inventory is still incredibly low. Consistently low inventory and higher demand are driving up prices year after year. The market normally slows down … Continued
The Columbus area continues to be a strong seller’s market despite being in the dead of winter. Home prices are coming down slightly month by month – which is great news for buyers. But, inventory is still incredibly low. Consistently low inventory levels combined with high demand are continuing to drive prices up year after … Continued
The Columbus area continues to be a strong seller’s market even as temps drop. Home prices are coming down slightly month over month – which is great news for buyers. But, inventory is still lower than ever. Consistently low inventory levels combined with high demand are continuing to drive prices up year over year. We … Continued
The Columbus area remains in a strong seller’s market even with winter around the corner. Home prices are down slightly month over month – great news for buyers. But, inventory remains extremely low. Consistently low inventory levels and high demand are driving prices up year over year. We usually see a seasonal slow down as … Continued
The Columbus area remains in a strong seller’s market despite cooling temps. Home prices continue to rise and inventory remains ridiculously low. We usually see a seasonal slow down as we approach the holiday season, but we’ll have to see what happens this year. Read below to find out how the Columbus, OH housing market is … Continued
The Columbus housing market continues to be an extreme seller’s market. Home prices continues to rise and inventory remains insanely low. Read below to find out how the Columbus, OH housing market is doing and see what trends are happening right now. “Today’s Stats” are also included so you can see how things have changed … Continued
The Columbus housing market continues to be a heavy seller’s market. Home prices are rising and inventory is shockingly low. Read below to find out how the Columbus, OH housing market is doing and see the trends that are occurring. “Today’s Stats” are also included so you can see how things have changed as of … Continued
The Columbus housing market is going crazy! It’s definitely a seller’s market, since home prices are rising and inventory is as low as ever. Read below to find out how the Columbus, OH housing market is doing and see the trends that are occurring. “Today’s Stats” are also included so you can see how things … Continued
The Columbus housing market is HOT!!🔥🔥🔥 Homes are selling fast, home prices are up, and inventory is way down. Keep reading to see how the Columbus Ohio Real Estate Market did in May and to view trends. We’ve also included “Today’s Stats” to help you see where we are as of this writing on June … Continued
As expected, activity in April contracted considerably. The number of homes for sale, newly listed, pending, and closed were all down. However, as states slowly reopen, the Columbus real estate market is starting to pick back up, as you will see from the mid-May stats provided below. People are still buying and selling homes, and … Continued
Given the current healthcare emergency, it is difficult to know what the Columbus real estate market will do. Despite the virus, March still saw home prices and sales move up and days on market move down in Central Ohio. If you need to buy or sell a home during this time, please contact us at … Continued
Given the current healthcare emergency, it is difficult to know what the Columbus real estate market will do in the near future. If you need to buy or sell a home during this time, please contact us at 614-830-9767. You can always start your home search online from your home at RitaBoswellGroup.com. Read More to … Continued
We’re two months into 2020, and the market is already getting HOT! Keep reading to see how the market is doing in Columbus right now.
Happy New Year and New Decade!! Let’s start it off with a great Columbus Real Estate Market Report for home buyers and sellers! Keep reading to see real estate trends that make this an ideal time to buy or sell a home in Columbus!
‘Tis the season for holiday movies, snow days, and beautiful decorations. Believe it or not, it’s also a great time to buy a home! Keep reading to see real estate trends that make winter an ideal time to buy.
What happened to Autumn?! Winter has come early and the Holidays are fast approaching. Even though the holiday season and the cold weather slow the real estate market down, statistically this is the best time to buy a home. Plus, it’s still a seller’s market, so it’s good for homeowners too. Keep reading for the … Continued
It’s definitely Autumn! The time of the year when home prices fall along with temps. In fact, fall and winter are the best times to buy a home because prices and competition are a little lower. While prices are falling slightly with the season, the overall trend of low housing inventory and rising home values … Continued
Summer is almost over, and like clockwork, the real estate market begins to slow down. As expected, home prices are coming down slightly, and homes took a little longer to sell in August compared to July. Keep reading for the full report and to view trends.
July numbers are in! We normally see a small slow down in July as many people go on vacation. The real estate market in Columbus usually picks back up by September before slowing again for the fall and winter. As expected, home prices did fall slightly in July. However, days on market also fell. New … Continued
The national real estate market in July 2019 has shifted. In the past, large cities have dominated the top spots, but now small and medium size cities are becoming more sought after. Smaller towns and cities have been favorites lately thanks to the affordability and quality of life that they offer. Columbus, Ohio has seen … Continued
June numbers show that the market remained as hot as the temperatures! July usually sees a small, temporary market slow down as many people go on their summer vacations this month, so expect that to be reflected in next month’s report. Read More to see how the Central Ohio real estate market did in June … Continued
It’s June, and with the summer heat the real estate market also heats up this time of year. Overall, prices moved up in May, though inventory came up slightly. Expect a slight slow down in early July for summer vacations, then the market usually picks back up again before the fall and winter slow down. … Continued
Each month Realtor.com ranks the hottest housing markets in the U.S. In March 2019, Columbus, Ohio ranked number one! In February 2019, Columbus was number nine, so that’s a big jump! Overall, the list of Hottest Markets’ number of Days On Market has fallen by 3 days since March 2018. Despite the slight overall slowing … Continued
In a recent article, livability.com ranked cities from around the country on which were the best places to live in the U.S. They only chose 100 cities. Out of those 100, Columbus, Ohio placed 31st. Cities were ranked on everything from civics to infrastructure. Livability.com even evaluated more specific categories, such as the food and … Continued
Congratulations to Realtor Rita Boswell on making the Top 1% of real estate agents in the Columbus area on HomeLight! HomeLight makes the process of finding a great real estate agent easier. They use client reviews and actual sales data to match home buyers and sellers with the best real estate agent for their needs. … Continued
Columbus Housing Inventory Is UP! It’s been rough for home buyers in Columbus. Housing inventory in the city has experienced 91 months of declining inventory, resulting in ever increasing prices and vicious bidding wars. The good news is, the streak of declining inventory in the city finally broke in September. The number of homes for … Continued
Every year Realtor.com ranks the hottest zips in the U.S., and for at least the last four years, a Central Ohio zip code has made the list. In 2016, Columbus OH 43214 landed at number 23. In 2017, Hilliard OH 43026 made #10 the list. This year, Worthington OH 43085 is in the spotlight at … Continued
Do you LOVE seeing the latest trends in home design and construction? Check out the 2018 Parade of Homes! See seven gorgeous homes built by premier area builders: 3 Pillar Homes, Arthur Rutenberg Homes, Bob Webb Homes, Coppertree Homes, Manor Homes, Memmer Homes, and Romanelli & Hughes. These high-end homes offer the latest features, floor … Continued
National real estate reports are beginning to show a potential market shift. For instance, price cuts are up versus a year ago. This is especially the case in cities such as Seattle and San Diego. The cities with the highest rates of price reductions tend to be cities that were overheated. According to the latest … Continued
Columbus recently ranked 4th on Realtor.com’s Hottest Housing Market list! That’s no surprise to us at The Rita Boswell Group, and if you’ve been reading our market reports, you’re probably not shocked by this news either. Realtor.com based their list on homes that got lots of clicks on their website and how quickly homes are … Continued
If you’ve followed my market reports through the summer, you already know that Central Ohio is seeing different market conditions for different price points. Overall, the Columbus area has had (and continues to have) a Seller’s Market. However, buyers and sellers in the higher price points will likely find conditions more favorable to buyers. The … Continued
Central Ohio has been buzzing since mid-summer about the property tax valuation increases. You may have already received a mailer informing you of your possible tax increase. The good news is, property values are on the rise in Central Ohio! This is great for home owners, especially those who lost value during the recession. The … Continued
The trend of low housing inventory and rising prices continues across the nation. Let’s take a look at the real estate market for Central Ohio. Continue reading to see the latest numbers through May 2017.
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.
Westerville, Ohio Real Estate Market Highlights How’s the housing market doing so far in Westerville this year? Is it time to buy or sell? How quickly are homes selling? Keep reading to find the answers to these questions and more in the 1st quarter real estate market update for Westerville, Ohio.
Lewis Center Ohio Real Estate Market Highlights How’s the real estate market doing so far for 2017 in Lewis Center? Is it a Buyer’s Market or a Seller’s Market? How many days are homes sitting on the market? Find the answers to these questions and more in the 1st quarter market update for Lewis Center, Ohio.
A recent report from Zillow looked at how much more annual income renters in metro areas would need each month to keep up with increases in rent. The report found that renters in Seattle, LA, and Boston need the biggest income boosts in 2017 to keep up with increasing rent.
When housing prices move up, you can bet there are house flippers making money. U.S. house flipping hit a ten year high in 2016. The current Central Ohio real estate market is no exception. The Columbus area housing market has been on fire. In 2016, twenty-four communities in Central Ohio saw gross house flipping profits … Continued
March real estate numbers just came in for Central OH! How quickly are homes selling? Is it still a seller’s market? Where are prices headed? Does the housing market still need inventory? Let’s take a closer look at the latest data to answer these questions and more:
Recently, data trends specialists Esri Inc ranked the wealthiest zip codes in Central OH. On the heals of that list, Columbus Business First has ranked Central Ohio communities by median home values for 2016. It was no surprise that Westerville was listed as the #1 wealthiest ZIP code in Central Ohio, but how does it stack up … Continued
News Flash: Central OH Housing Inventory Continues To Drop The latest report from the Columbus REALTORS Multiple Listing Service shows that already low inventory levels are going even lower as the number of homes under contract increases.
Using a proprietary formula, the data trends specialists at Esri Inc. have provided Columbus Business First with a list ranking the wealthiest ZIPs in Central Ohio. Before you look at the list, take a guess at which community landed the #1 spot. Did you say New Albany? Upper Arlington? Or, perhaps, Dublin? Nope, none of … Continued
In Central Ohio, the 2016 housing market did well and finished strong! We saw home values move up and the number of days homes spent on the market go down. With 2016 in our rear-view mirror, it’s time to look forward to see what 2017 may have in store for the real estate market.
In a recent look at America’s best small cities, WalletHub named Dublin, Ohio as one of its top choices. Analysts at WalletHub looked at over 1,200 small cities and ranked them based on 30 livability indicators. These included “housing costs,” “school-system quality,” and even “number of restaurants per capita.” They grouped cities by percentile, with … Continued
More good news for Columbus, Ohio! We’re ranked #1 in the Midwest for real estate outlook! This year’s Emerging Trends in Real Estate report by the Urban Land Institute and PwC scored cities based on the real estate marketplace and overall development trends. This is a massive report, so here’s what it had to say … Continued
In real estate, we know location is is a big factor in picking the right home. It’s important to consider location for job-seekers as well. If you’re looking for a great city and the best place to move for a fast growing career, put Columbus at the top of your list! Continue reading to find … Continued
Having recently been named Best Big City In The Midwest, Columbus can now boast one of the country’s Hottest Zip Codes – specifically 43214. Continue reading to see what makes Columbus OH 43214 a “Hot Zip!”
While small cities might offer charm, people are flocking to big cities for the amenities, public transportation, jobs, parks, and the atmosphere. “…some of us don’t feel as if we’re really living unless we’re doing in in the middle of a bustling metropolis” – Money Magazine Article Author Sarah Max Recently, Columbus made the list … Continued
Low inventory has been the big news item in real estate lately, and buyers certainly are seeing this in Columbus. However, July 2016 saw an 8.3% rise in Central Ohio homes for sale compared to June 2016. While this is down considerably from last year, it’s the highest level yet seen this year according to … Continued
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their … Continued
Recently, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic news and a … Continued
The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report: “Without a significant … Continued
First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016. The fourth quarter RESI found that title … Continued
If you are debating listing your Columbus area house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale in Central OH The National Association of REALTORS (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: While feedback from REALTORS® … Continued
The monthly mortgage payment on a Central Ohio home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to go up in 2016. HOME PRICES CoreLogic has projected a nationwide 5.2% home value appreciation … Continued
