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
- 📐Central Ohio Average Price Per Square Foot
- 📉Central Ohio Days on Market
- 💲Central Ohio Housing Prices
- 🏘️ Central Ohio Months Of Inventory
- 📈Central Ohio Absorption Rate
- Central Ohio Housing Market Report At A Glance
- Central Ohio Home Sellers
- Columbus OH Home Buyers
🏘️ Central Ohio Homes For Sale, Listed, Sold, & Pending
The number of Homes For Sale in September 2019 was 4066 units.
• Up 1.4% compared to August 2019
• Down 5.3% compared to September 2018
The number of Homes Listed in September 2019 was 3012 units.
• Down 10.4% compared to August 2019
• Up 8.5% compared to September 2018
The number of Homes Closed in September 2019 was 2564 units.
• Down 14.7% compared to August 2019
• Up 6% compared to September 2018
The number of Homes Placed Under Contract in September 2019 was 3048 units.
• Up 2.2% compared to August 2019
• Up 31.1% compared to September 2018
📐Central Ohio Average Price Per Square Foot
📉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
• 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
• Up 1% compared to September 2018
*Based on 6 month trend – Rising/Falling/Remains Steady
💲Central Ohio Housing Prices
The Median Sold Price trend is Depreciating* The Median Sold Price for September 2019 was $217k.
• Down 2.7% compared to August 2019
• 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.
• Down 2.6% compared to August 2019
• Up 0.8% compared to September 2018
The Average Sold Price trend is Depreciating.* The Average Sold Price in September 2019 was $249k.
• Down 3.1% compared to August 2019
• Up 2.9% compared to September 2018
*Based on 6 month trend – Appreciating/Depreciating/Neutral
🏘️ Central Ohio Months Of Inventory
📈Central Ohio Absorption Rate
Central Ohio Housing Market Report At A Glance
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.
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 614-830-9767 to learn more about market conditions in your specific community.
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.
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 614-830-9767.”