It’s May and the house hunting season is in full swing! The number of listings went up in April, but so did the number of homes closed and in contract. Inventory remains low and is about the same as this time last year.

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

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

The number of Homes For Sale in April 2019 was 2812 units.
<img draggable=Up 0.1% compared to March 2019
<img draggable=Up 3.2% compared to April 2018

The number of Homes Listed in April 2019 was 3382 units.
<img draggable=Up 14.4% compared to March 2019
<img draggable=Up 1.3% compared to April 2018

The number of Homes Closed in April 2019 was 2455 units.
<img draggable=Up 19.5% compared to March 2019
<img draggable=Up 2.9% compared to April 2018

The number of Homes Placed Under Contract in April 2019 was 3532 units.
<img draggable=Up 34.1% compared to March 2019
<img draggable=Up 28.2% compared to April 2018

📐Central Ohio Average Price Per Square Foot

The Average Price per Square Foot on Sold homes trend is Appreciating.* In April 2019 the Average Price Per Square Foot was $127.

<img draggable=Up 1.6% compared to March 2019
<img draggable=Up 5.8% compared to April 2018

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

📉Central Ohio Days on Market

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

The Average Days on Market in April 2019 was 29 days.
<img draggable=Down 23.7% compared to March 2019
<img draggable=Up 3.6% compared to April 2018

The Sold/Original List Price Ratio is Rising* at 98% for April 2019.

<img draggable=Up 2.1% compared to March 2019
• 0% compared to April 2018

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

💲Central Ohio Home Prices

The Median Sold Price trend is Appreciating* The Median Sold Price for April 2019 was $224k.
<img draggable=Up 6.7% compared to March 2019
<img draggable=Up 12% compared to April 2018

The Average For Sale Price trend is Appreciating.* The Average For Sale Price in April 2019 was $419k.
<img draggable=Up 4% compared to March 2019
<img draggable=Up 6.1% compared to April 2018

The Average Sold Price trend is Appreciating.* The Average Sold Price in April 2019 was $252k.
<img draggable=Up 2.9% compared to March 2019
<img draggable=Up 8.6% compared to April 2018

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

🏘️ Central Ohio Months Of Inventory

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

The Months of Inventory based on Closed Sales in April 2019 was 1.1.
<img draggable=Down 21.9% compared to March 2019
• 0% compared to April 2018

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

📈Central Ohio Absorption Rate

The Absorption Rate based on Closed Sales in April 2019 was 87.3.
<img draggable=Up 19.4% compared to March 2019
<img draggable=Down 0.3% compared to April 2018

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

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.

Central Ohio Home Sellers

Planning to sell your home soon? There is speculation that the market may be turning, so this year’s Seller’s Market may be the ideal time to get your home listed.

*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, 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

With inventory falling once again, there will be a lot of competition, especially in the lower price ranges.

If you’re serious about buying a home, be ready before finding the perfect home. Talk with a mortgage professional to get your financing lined up.

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 the right home.

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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