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 and to view trends.

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

The number of Homes For Sale in June 2019 was 3657 units.
<img draggable=Up 9.5% compared to May 2019
<img draggable=Up 0.9% compared to June 2018

The number of Homes Listed in June 2019 was 3602 units.
<img draggable=Down 10.2% compared to May 2019
<img draggable=Down 2.5% compared to June 2018

The number of Homes Closed in June 2019 was 2932 units.
<img draggable=Down 1.8% compared to May 2019
<img draggable=Down 5.6% compared to June 2018

The number of Homes Placed Under Contract in June 2019 was 3687 units.
<img draggable=Up 14% compared to May 2019
<img draggable=Up 19.4% compared to June 2018

Green bar chart with Columbus Ohio homes for sale, sold, pending, and newly listed through June 2019.

Table comparing number of homes for sale, sold, pending, newly listed in Central Ohio for this year and last in June 2019.

📐Central Ohio Average Price Per Square Foot

The Average Price per Square Foot on Sold homes trend is again Appreciating.* In June 2019 the Average Price Per Square Foot was $131.

<img draggable=Up 0.8% compared to May 2019
<img draggable=Up 3.1% compared to June 2018

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

Blue bar chart showing average price per square foot in Central Ohio thru June 2019

Table compares price per square foot last month and last year to June 2019

📉Central Ohio Days on Market

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

The Average Days on Market in June 2019 was 21 days.
<img draggable=Down 16% compared to May 2019
<img draggable=Up 3.1% compared to June 2018

The Sold/Original List Price Ratio is Rising* at 99% for June 2019.

<img draggable=Up 1% compared to May 2019
• 0% compared to June 2018

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

Orange bar chart of Average Days On Market and Sold/Original List Price percent through June 2019

Comparison table of Average Days On Market and Sold/Original List Price Ratio percent in June 2019 to last month and last year in Columbus OH

💲Central Ohio Housing Prices

The Median Sold Price trend is Appreciating* The Median Sold Price for June 2019 was $233k.
<img draggable=Up 1.3% compared to May 2019
<img draggable=Up 5.9% compared to June 2018

The Average For Sale Price trend is Neutral.* The Average For Sale Price in June 2019 was $414k.
<img draggable=Down 1.2% compared to May 2019
<img draggable=Up 5.1% compared to June 2018

The Average Sold Price trend is Appreciating.* The Average Sold Price in June 2019 was $269k.
<img draggable=Up 1.9% compared to May 2019
<img draggable=Up 5.9% compared to June 2018

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

Blue bar chart of Central Ohio housing prices through June 2019

Table comparing housing prices in June 2019 to last month and last year in Central Ohio.

 

🏘️ Central Ohio Months Of Inventory

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

The Months of Inventory based on Closed Sales in June 2019 was 1.2.
<img draggable=Up 8.9% compared to May 2019
• 0% compared to June 2018

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

Orange bar chart with Central Ohio Months Of Inventory through June 2019

Table compares the Months of Inventory in Central OH in June 2019 to last month and last year

 

📈Central Ohio Absorption Rate

The Absorption Rate based on Closed Sales in June 2019 was 80.2.
<img draggable=Down 10.3% compared to May 2019
<img draggable=Down 6.4% compared to June 2018

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

Green chart with Central Ohio Absorption Rate through June 2019

Chart compares the Absorption Rate in Central Ohio in June 2019 to last month and last year

 

Central Ohio Real Estate Market Report At A Glance

Columbus OH Real Estate Market Snapshot of Average Days on Market, Average Price Per Square Foot, Average For Sale Price, and Months Of Inventory in Central OH in June 2019

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

Table of Columbus Ohio real estate data through June 2019

Central Ohio Home Sellers

Planning to sell your home soon? Sellers Markets don’t last forever. Right now is a great time to get your home ready to sell, if you haven’t yet. If you get it listed by August, it could be sold by September (provided that it’s priced correctly, of course).

In the fall and winter, home prices tend to shift down with the slower season.

*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 list and sell your home, talk with a top Columbus real estate agent.

Market conditions vary even by neighborhood. 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

Mortgage rates are still low, and home are values in Central Ohio are predicted to continue rising, so it’s a great time to buy a home. Combine those factors with the coming fall/winter slowdown, and it may just be the perfect time to start your home search.

It’s still a seller’s market though, so be prepared. If you’re serious about buying a home in the near future, be ready before finding the perfect home. Fix any issues with your credit. Then, talk with a mortgage professional to get pre-approved.

Work with a Top Home Buying Agent to help you find homes that fit your needs and budget. Be ready to make a realistic, competitive offer when you find a home you like.

Browse Today’s Newest Listings

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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