What Do Record-Breaking Market Conditions Mean for Your Columbus Home Value?

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Today, we want to describe current trends and market conditions here in Columbus, so you can be a more informed buyer or seller in our marketplace!

The market for the whole Columbus area is moving quite fast. In the month of June, the total inventory of homes for sale was 7,663, which is 2.5% over last year and the highest so far this year! According to the MLS, there were 3,984 Central Ohio homes and condos put on the market during the month of June. Even so, the supply of homes for sale in Central Ohio is still lower than it has been in 15 years!

During the month of June, there were 3,148 Central Ohio homes and condos sold, a 7.6% increase over May and a 4.8% increase over June of last year. This puts the total number of homes sold in 2015 at 12,782, which is the highest number of homes ever sold in the first six months of the year.

The average home thus far has only spent about 47 days on the market before selling. The average home sale price for June was $206,061, the highest price for any month, of any year on record! The good news doesn't end there, as 93% of Central Ohio Realtors expect prices to rise over the next year.


In this competitive market, buyers need to act quickly and be decisive, while sellers need to get their home in tip-top shape in order to sell quickly and for top dollar. If you would like assistance making the most of this market, or if you have any real estate questions, don't hesitate to reach out to us.