While the 2017 housing market was marked by renewed optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 maintained the competitive housing market amid less than stellar stock market performance and rising interest rates while housing affordability dipped to a ten-year low.
There were 2760 homes and condos sold during the month of October, which is a 4.4 percent increase over the same month a year ago, although a decline of 2.4 percent from September. This is the highest number of sales on record for the month of October, according to the Columbus REALTORS® Multiple Listing Service.
Central Ohio housing inventory continued to increase during the month of July to 5,498, an 8.3 percent increase over June, although still down 14.1 percent from July 2016. This left central Ohio with a 2.0 months supply of inventory at the current sales pace, according to the Columbus REALTORS® Multiple Listing Service.
Home prices are setting records in central Ohio. The median sales price of a home for the month of June in central Ohio was $192,650 which is up 7.0 percent from last year. The median sales price of a home for the first half of the year is $179,900, which is 6.4 percent higher than the first six months of 2016 according to the Columbus REALTORS® Multiple Listing Service.
Columbus REALTORS® is proud to announce that both the Northwest Area Real Estate Association and the Delaware Knox Licking Morrow Suburban Realty Association were awarded REALTOR® Care Day Weiler grants in honor of their 2017 projects
Hamilton County Auditor Dusty Rhodes reports the market value of tax exempt property values has grown at a much faster rate than the value of taxable property in the county over the last quarter-century.
Central Ohio saw 2,473 homes go into contract during the month of January, up 24.5 percent from the previous month, and 4.4 percent higher than a year ago. There were 2,170 central Ohio homes and condos added to the market in January. Although this was 47.8 percent more than the previous month, it was 2.2 percent lower than January 2016, leaving the inventory at 4,329 according to the Columbus REALTORS Multiple Listing Service.
The number of distressed single family homes for sale in central Ohio during the fourth quarter of 2016 were down 57.4 percent and condos for sale fell 70.4 percent from the previous year
Central Ohio ended 2016 with the highest number of home sales and the highest home prices on record. 2016 also saw the lowest months supply and days on market, due to the lowest inventory levels on record for the Columbus REALTORS® Multiple Listing Service
The number of lender-mediated properties for sale in central Ohio continued its sharp decline during Q3-2016 and ended the quarter at 6.8 percent of the total inventory of homes for sale in central Ohio
Central Ohio saw record home sales last month, due in great part to the record number of homes added to the market in August. There were 2,869 central Ohio homes and condos sold during the month of September, an 8.3 percent increase over the previous year and the highest number of closed sales for the month of September ever recorded according to the Columbus REALTORS® Multiple Listing Service.
There were 3,116 central Ohio homes and condos sold during the month of August, a 4.8 percent increase over the previous year and a 1.5 percent increase over July. This was the highest number of closed sales for the month of August ever recorded and the second highest month for 2016, according to the Columbus REALTORS® Multiple Listing Service.
The number of homes for sale in central Ohio rose 8.3 percent to 6,402 in July 2016 compared to the previous month. Despite being down almost twenty percent from last year, it’s the highest level of inventory seen in 2016 according to the Columbus REALTORS® Multiple Listing Service
There were 3,091 central Ohio homes and condos sold during the month of May, a 15.7 percent jump over April and a 2.4 percent increase over May 2015. Year-to-date sales (January through May) were 11,464 which is the highest on record for the first five months of the year according to the Columbus REALTORS® Multiple Listing Service
There were 2,249 central Ohio homes and condos added to the market during the month of January, a 47.1 percent gain over the previous month, although a slight dip of 2.5 percent from January 2015, according to the Columbus REALTORS® Multiple Listing Service
In 2015, residential real estate experienced its best year since the Great Recession ended in 2009. Although inventory could still use a jolt, demand was healthy throughout the year and there was enough supply to keep the engine strong.
Central Ohio inventory continues to remain at a record low – lower than any year since 2000. The total inventory of homes for sale during the month of November in central Ohio was 6,976, a decrease of 9.3 percent from the previous month and 16.3 percent lower than November 2014, according to the Columbus REALTORS Multiple Listing Service.
The city will separate storm sewer flows from the sanitary sewer system by installing new sanitary sewers, a major underground storage basin, a new pump station and force main, and a back-up power generator. Currently, the combined sewer allows untreated wastewater to escape from the sewer system. This project is part of Norwalk’s combined sewer overflow long-term control plan
Franklin County will begin design work – the pre-construction phase – this year in an upgrade of the Darbydale wastewater treatment plant to reduce nutrient discharges and improve water quality in Big Darby Creek, thanks to a zero-interest loan from Ohio EPA.
Sales, prices and time to sell a home set records again during July 2015. The 3,208 home sales last month were up 1.9 percent over the previous month (June 2015) and up 11.7 percent from July of 2014. This also set a record high for any single month of home sales in any year according to the Columbus REALTORS® Multiple Listing Service (MLS).
12Page 1 of 2