The Columbus Board of REALTORS® released the Central Ohio Housing Report today, and it is filled with good news.
A few of the highlights from this report include:
- Home sales in Central Ohio are up nearly 20 percent compared to last year (2,878 this year, compared to 2,406 in 2012).
- New listings on the market in February are nearly 6 percent higher than homes put on the market last February, and the inventory of homes for sale in central Ohio remains at its lowest point since the summer of 2002.
- The median sales price has increased as well, up 1.7 percent this year compared to last year.
- Additionally, rent increases are prevalent due to the demand.
Chris Pedon, President of the Columbus Board of REALTORS® was quoted in the article as saying:
“We haven’t seen sales increases like this since housing peaked in ’06-’07. We are looking at a new housing market, one that’s smart and affordable, but also competitive.”
This is all wonderful news for those in the real estate market. To read the full article, click here.
If you are looking to buy or sell a home in Central Ohio, please contact me or my team. We are experienced realtors who are ready to help you through the process. Email me at Lori.Hicks@RealLiving.com or call me at 614.336.7514.