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 continues year over year.

Keep reading for the full report and to view trends.

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

The number of Homes For Sale in September 2019 was 4066 units.
<img draggable=Up 1.4% compared to August 2019
<img draggable=Down 5.3% compared to September 2018

The number of Homes Listed in September 2019 was 3012 units.
<img draggable=Down 10.4% compared to August 2019
<img draggable=Up 8.5% compared to September 2018

View Homes Listed In The Last 30 Days In Central Ohio

 

The number of Homes Closed in September 2019 was 2564 units.
<img draggable=Down 14.7% compared to August 2019
<img draggable=Up 6% compared to September 2018

View Homes SOLD In The Last 30 Days In Central Ohio

 

The number of Homes Placed Under Contract in September 2019 was 3048 units.
<img draggable=Up 2.2% compared to August 2019
<img draggable=Up 31.1% compared to September 2018

View Homes Placed Under Contract In The Last 30 Days In Central Ohio

Green bar chart with homes listed, for sale, sold, and pending in Central Ohio through September 2019

Table comparing the number of homes for sale, listed, sold, and pending in Central Ohio this month to last

Quick Guide: For Sale vs. Sold vs. Pending

📐Central Ohio Average Price Per Square Foot

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

<img draggable=Down 1.6% compared to August 2019
<img draggable=Up 2.4% compared to September 2018

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

Quick Guide: Average Price Per Square Footage

📉Central Ohio Days on Market

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

The Average Days on Market in September 2019 was 25 days.
• 0% compared to August 2019
<img draggable=Down 3.8% compared to September 2018

The Sold/Original List Price Ratio is Falling* at 97% for September 2019.

• 0% compared to August 2019
<img draggable=Up 1% compared to September 2018

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

Quick Guide: Average Days On Market & Sold/List Price %

💲Central Ohio Housing Prices

The Median Sold Price trend is Depreciating* The Median Sold Price for September 2019 was $217k.
<img draggable=Down 2.7% compared to August 2019
<img draggable=Up 6.4% compared to September 2018

The Average For Sale Price trend is Depreciating.* The Average For Sale Price in September 2019 was $368k.
<img draggable=Down 2.6% compared to August 2019
<img draggable=Up 0.8% compared to September 2018

The Average Sold Price trend is Depreciating.* The Average Sold Price in September 2019 was $249k.
<img draggable=Down 3.1% compared to August 2019
<img draggable=Up 2.9% compared to September 2018

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

Quick Guide: Average Price For Sale and Sold

🏘️ Central Ohio Months Of Inventory

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

The Months of Inventory based on Closed Sales in September 2019 was 1.6.
<img draggable=Up 22.5% compared to August 2019
<img draggable=Down 11.3% compared to September 2018

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

Quick Guide: Months Of Inventory | Median Price

📈Central Ohio Absorption Rate

The Absorption Rate based on Closed Sales in September 2019 was 63.1.
<img draggable=Down 15.9% compared to August 2019
<img draggable=Up 12.1% compared to September 2018

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

Quick Guide: Absorption Rate

Central Ohio Housing 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

If you need to sell your home, now is the time to get it listed. It remains a sellers market overall. There are pros and cons to selling a home in the winter. You will have less competition, but home prices do tend to move down slightly and average days on market tends to move up by a few days.

Excellent seasonal home staging and accurate home pricing are keys to selling a home in the winter.

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

Questions about the home selling process? Check out our Seller FAQ section.

Market conditions are different from one neighborhood to another and one price point to another. 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

As mentioned above, fall and winter can be the best times to buy a home. So, it’s a great time to start your home search. There will be fewer buyers to compete with, and homes will be on the market a little longer. This will give you a better opportunity to think about the homes you are looking at, and you may be less likely to find yourself in a hot multiple-offer situation.

It is still a sellers market. Make sure your financials are in order before finding the perfect home. Connect with a mortgage professional to get pre-approved. Getting pre-approved before starting your home search will save you the headache of looking for homes outside of your price range.

Use a Top Home Buying Agent to help you find homes that fit your needs and budget. Be ready to make a 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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