It’s officially Spring! When the temperature climbs and there’s more daylight in the evening, it’s perfect for house hunting!

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

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

The number of Homes For Sale in February 2019 was 2634 units.
<img draggable=Down 8.1% compared to Jan 2019
<img draggable=Up 11.8% compared to Feb 2018

The number of Homes Listed in February 2019 was 2047 units.
<img draggable=Up 2.2% compared to Jan 2019
<img draggable=Down 5.1% compared to Feb 2018

The number of Homes Closed in February 2019 was 1575 units.
<img draggable=Up 6.2% compared to Jan 2019
<img draggable=Down 2.6% compared to Feb 2018

The number of Homes Placed Under Contract in February 2019 was 2385 units.
<img draggable=Up 28.2% compared to Jan 2019
<img draggable=Up 23.8% compared to Feb 2018

green bar chart showing Central Ohio homes for sale, sold, pending, and newly listed

table comparing homes for sale, sold, pending, and just listed in Columbus OH in Jan and Feb 2019

📏Central Ohio Average Price Per Square Foot

The Average Price per Square Foot on Sold homes trend was Neutral.* In February 2019 the Average Price Per Square Foot was $123.

<img draggable=Up 5.1% compared to Jan 2019
<img draggable=Up 7.9% compared to Feb 2018

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

blue bar graph showing average price per square foot in Columbus OH through Feb 2019

table compares the average price per square foot in Columbus oh for Jan and Feb 2019

📉Central Ohio Days on Market

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

The Average Days on Market in February 2019 was 44 days.
<img draggable=Up 7.3% compared to Jan 2019
<img draggable=Up 4.8% compared to Feb 2018

The Sold/Original List Price Ratio was Steady* at 96% for February 2019.

<img draggable=Up 1.1% compared to Jan 2019
• 0% compared to Feb 2018

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

Orange bar chart showing average days on marketing in Columbus OH through Feb 2019

Table comparing days on market in jan to feb 2019 in Columbus Ohio

 

💲Central Ohio Home Prices

The Median Sold Price trend was Neutral.* The Median Sold Price for February 2019 was $198k.
<img draggable=Up 4.2% compared to Jan 2019
<img draggable=Up 8.2% compared to Feb 2018

The Average For Sale Price trend is Appreciating.* The Average For Sale Price in February 2019 was $388k.
<img draggable=Up 6.6% compared to Jan 2019
<img draggable=Down 2% compared to Feb 2018

The Average Sold Price trend is Neutral.* The Average Sold Price in February 2019 was $230k.
<img draggable=Up 6.5% compared to Jan 2019
<img draggable=Up 6.5% compared to Feb 2018

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

Blue bar graph with average and media home prices in Central Ohio through Feb 2019

table comparing average and median home prices in Columbus OH in Jan to Feb 2019

🏘️ Central Ohio Months Of Inventory

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

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

The Months of Inventory based on Closed Sales in February 2019 was 1.7.
<img draggable=Down 10.4% compared to Jan 2019
<img draggable=Up 13.7% compared to Feb 2018

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

yellow bar graph of Months Of Inventory for Columbus OH metro through Feb 2019

table comparing columbus oh months of inventory in jan to feb 2019

📈Central Ohio Absorption Rate

The Absorption Rate based on Closed Sales in February 2019 was 59.8.
<img draggable=Up 15.5% compared to Jan 2019
<img draggable=Down 12.8% compared to Feb 2018

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

Green graph of absorption rate in Columbus OH through Feb 2019

table comparing the absorption rate in columbus oh in jan to feb 2019

Central Ohio Real Estate Market Report At A Glance

infographic with clover background shows basic market date for Central Ohio in March 2019

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

columbus oh real estate market data table through feb 2019

Central Ohio Home Sellers

Planning to sell your home soon? There’s still time to take advantage of the Seller’s Market. More daylight in the evening and warming temps means we’re coming into House Hunting Season. Home buyer activity will pick up. Activity will also increase as many people put tax refunds towards a home purchase.

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 this spring, talk with a top Columbus Realtor about getting your home ready.

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.

For starter homes, though, inventory remains low and demand high, so there will still be heavy competition in the lower price ranges.

Serious home buyers need to be ready before they find the perfect home. Consult 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, and be ready 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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