5 Things to Know About The Columbus Housing Market in 2018– Have you been considering putting your Columbus area home on the market? According to an article by BizJournals.com, this just might be the time to do it! Here are 5 things you need to know about the Columbus Housing Market right now:
1. 2nd Best Market in the Nation
Columbus jumped from #4 on Realtor.com’s Hottest Housing Markets in the Nation to #2 in June 2018. Experts say that buyers are starting to look outside of overheated, expensive primary markets when searching for a new home. Other less expensive markets in the Midwest are also seeing more interest! We may not be the “Big Apple” or the “Windy City” but we think Central Ohio is pretty great!
2. Home Values are Going Up
According to the Franklin County Auditor, 87% of the 1,758 single-family homes sold in June went for more than their appraised value. June is always a HOT month in real estate! School is out, Summer is starting and buyers and sellers are looking to make their “summer move”. Although getting an offer OVER the appraised value isn’t always common for most, it’s certainly helping to bring up the average sale price in our market!
3. More Homes Sold Per Day
Close to 59 homes sold every day in June 2018, compared to 48 homes per day in June 2017. The market is certainly moving!
4. May 2018 Was Record Breaking
The number of homes sold in May 2018 jumped up 13.8% from the previous month and local prices averaged a record-breaking $235,133! These are outstanding numbers for our market! Columbus is sure in the spotlight.
5. There is Still Time To Take Advantage
Looking to buy a home? Don’t believe everything you hear or read! The market is constantly changing and as full time agents, we are out there working in the thick of the market. We know what it’s like for buyers and sellers in today’s market. If you are thinking of selling or buying, let us know! We can help you figure out if now is the right time for you to jump in!