Columbus Housing Market

Average home sale prices have increased by 9.4% since last December, up to $318,581, according to the latest Columbus Realtors report.

The housing market in Ohio is beginning to soften compared to the “over-heated” demand in the spring, but analysts say there is still a major concern that shifts over to apartment inventory.

A report released Wednesday by Columbus REALTORS, shows that home sales were down by 10% in June. Pending sales were also down by 14% in June and may indicate slowing sales for July. A few factors have caused the decline.

The Federal Reserve interest rate hike may sideline some buyers.

Keller Williams Consultant Realtor Andrea Boegler said her buyers are already feeling the impacts of the rate hike.

U.S. Census statistics show that Franklin County has the lowest rate of owner-occupied housing in the state.

Central Ohio is one of the nation’s hottest real estate markets. This presents challenges, however, from increasing home prices to limited housing stock. Our real estate experts join us to discuss the latest developments regarding the Ohio housing market.

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