Birds are singing, flowers are blooming… and the market is heating up! Literally, Columbus was just named the Hottest Market in the US. If you’re thinking about buying a home, what better way to enjoy the lovely weather than to go see some homes for sale!

Read More to see how the Central Ohio real estate market did in March and to view trends.

🏘️ Central Ohio Homes For Sale, Listed, Sold, & Pending

The number of Homes For Sale in March 2019 was 2809 units.
<img draggable=Up 6.6% compared to Feb 2019
<img draggable=Up 10.9% compared to March 2018

The number of Homes Listed in March 2019 was 2931 units.
<img draggable=Up 41.5% compared to Feb 2019
<img draggable=Down 5.5% compared to March 2018

The number of Homes Closed in March 2019 was 1972 units.
<img draggable=Up 19.5% compared to Feb 2019
<img draggable=Down 12.4% compared to March 2018

The number of Homes Placed Under Contract in March 2019 was 3088 units.
<img draggable=Up 51.2% compared to Feb 2019
<img draggable=Up 17.9% compared to March 2018

Green bar graph with Columbus OH Homes For Sale, New Listings, Pending, Sold Through March 2019data table for Columbus OH Homes For Sale, New Listings, Pending, Sold Through March 2019

📐Central Ohio Average Price Per Square Foot

The Average Price per Square Foot on Sold homes trend was Appreciating.* In March 2019 the Average Price Per Square Foot was $125.

<img draggable=Up 1.6% compared to Feb 2019
<img draggable=Up 5.9% compared to March 2018

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

Blue bar chart of Columbus OH Avg Price Per Square Food For Home Sold Through March 2019

table comparing the average price per square foot of sold homes last month and last year to March 2019

📉Central Ohio Days on Market

The average Days On Market trend in the Columbus area is Steady.*

The Average Days on Market in March 2019 was 38 days.
<img draggable=Down 13.6% compared to Feb 2019
• 0% compared to March 2018

The Sold/Original List Price Ratio remained Steady* at 96% for March 2019.

• 0% compared to Feb 2019
<img draggable=Down 1% compared to March 2018

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

Orange bar chart with the average days on market for homes sold in the Columbus area through March 2019

table with Columbus OH Comparison of Avg Days On Market For Homes Sold through March 2019

💲Central Ohio Home Prices

The Median Sold Price trend remains Neutral.* The Median Sold Price for March 2019 was $208k.
<img draggable=Up 5.6% compared to Feb 2019
<img draggable=Up 7.8% compared to March 2018

The Average For Sale Price trend is Appreciating.* The Average For Sale Price in March 2019 was $403k.
<img draggable=Up 3.9% compared to Feb 2019
<img draggable=Up 2.8% compared to March 2018

The Average Sold Price trend remains Neutral.* The Average Sold Price in March 2019 was $244k.
<img draggable=Up 6.1% compared to Feb 2019
<img draggable=Up 6.6% compared to March 2018

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

Blue bar graph showing the average and median home prices in the Columbus area through March 2019

Table comparing the average and median home prices in Central Ohio to last month and last year

🏘️ Central Ohio Months Of Inventory

It’s still a Seller’s Market* in Columbus, Ohio!

While down compared to last month, inventory again rose compared to the same time last year.

The Months of Inventory based on Closed Sales in March 2019 was 1.4.
<img draggable=Down 12.5% compared to Feb 2019
<img draggable=Up 26.6% compared to March 2018

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

Yellow bar graph of Columbus OH Months of Inventory through March 2019

Columbus OH Months of Inventory data comparison table through March 2019

📈Central Ohio Absorption Rate

The Absorption Rate based on Closed Sales in March 2019 was 70.2.
<img draggable=Up 12.1% compared to Feb 2019
<img draggable=Down 20.9% compared to March 2018

*Seller’s market: 33.33% and above based on closed sales

Green graph with Columbus OH Absorption Rate Through March 2019

Data table comparing the absorption rate in Central Ohio in March 2019 to last month and last year

Central Ohio Real Estate Market Report At A Glance

 

Use this table to quickly see how the Columbus, Ohio area real estate market is doing.

data table with all Central Ohio housing market data through March 2019

Central Ohio Home Sellers

Planning to sell your home? A Seller’s Market* is the ideal time to do it. Plus, listing in the spring has the advantages of good weather and more home shoppers.

*Note: Central Ohio’s current Seller’s Market is driven by lower priced homes due to higher demand and lower inventory. Higher priced home sellers may find they are in a Buyer’s Market. It’s extremely important to work with an expert, prep your home for sale, and list at a competitive price.

If you want to sell your home this spring, talk with a top Columbus real estate agent.

Call or text Columbus Realtor Rita Boswell at 614-547-3229 to learn more about market conditions in your specific community.

Get Your Home’s Value Instantly

Columbus OH Home Buyers

Rising inventory may be a good sign for struggling buyers.

There will still be heavy competition in the lower price ranges. This is due to persistently low inventory and higher demand.

If you’re serious about buying a home, be ready before finding the perfect home. Talk with a mortgage professional to determine your budget.

Work with a Top Home Buyer Agent to help you find homes that fit your needs and budget. Be prepared to make a competitive offer when you find the right home.

About Central Ohio Real Estate Market Reports

“At the Rita Boswell Group, our goal is to provide home buyers and sellers with the most recent, in-depth market information possible.

Our report is based on data supplied by the Columbus Board of Realtors or its MLS. Information is deemed reliable but not guaranteed. Specific data points provided above may be adjusted, which will be reflected in future reports.

Our Central Ohio real estate market reports cover the counties of Franklin, Delaware, Fairfield, Licking, Madison, Pickaway, and Union. For market information on a specific community, contact Realtor Rita Boswell at 614-547-3229.”

 

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