What happened to Autumn?! Winter has come early and the Holidays are fast approaching. Even though the holiday season and the cold weather slow the real estate market down, statistically this is the best time to buy a home. Plus, it’s still a seller’s market, so it’s good for homeowners too.
Keep reading for the full report and to view trends.
- 🏘️ Central Ohio Homes For Sale, Listed, Sold, & Pending
- 📐Central Ohio Average Price Per Square Foot
- 📉Central Ohio Days on Market
- 💲Central Ohio Housing Prices
- 🏘️ Central Ohio Months Of Inventory
- 📈Central Ohio Absorption Rate
- Central Ohio Housing Market Report At A Glance
- Central Ohio Home Sellers
- Columbus OH Home Buyers
🏘️ Central Ohio Homes For Sale, Listed, Sold, & Pending
The number of Homes For Sale in October 2019 was 4049 units.
• 
Down 0.4% compared to September 2019
• Down 4% compared to October 2018
The number of Homes Listed in October 2019 was 3005 units.
• Down 1.5% compared to September 2019
• 
Up 8.4% compared to October 2018
The number of Homes Closed in October 2019 was 2446 units.
• Down 7.3% compared to September 2019
• Down 4% compared to October 2018
The number of Homes Placed Under Contract in October 2019 was 3141 units.
• Up 22% compared to September 2019
• Up 27.9% compared to October 2018
Quick Guide: For Sale vs. Sold vs. Pending
📐Central Ohio Average Price Per Square Foot
The Average Price per Square Foot on Sold homes trend is Depreciating.* In October 2019 the Average Price Per Square Foot was $127.
• 0% compared to September 2019
• Up 5.8% compared to October 2018
*Based on 6-month trend – Appreciating/Depreciating/Neutral
📉Central Ohio Days on Market
The average Days On Market trend in the Columbus area is Rising.*
The Average Days on Market in October 2019 was 27 days.
• Up 8% compared to September 2019
• Down 10% compared to October 2018
The Sold/Original List Price Ratio is Falling* at 96% for October 2019.
• Down 1% compared to September 2019
• 0% compared to October 2018
*Based on 6-month trend – Rising/Falling/Remains Steady
💲Central Ohio Housing Prices
The Median Sold Price trend is Depreciating* The Median Sold Price for October 2019 was $217k.
• Down 0.5% compared to September 2019
• Up 6.9% compared to October 2018
The Average For Sale Price trend is Depreciating.* The Average For Sale Price in October 2019 was $359k.
• Down 2.4% compared to September 2019
• Up 0.3% compared to October 2018
The Average Sold Price trend is Depreciating.* The Average Sold Price in October 2019 was $249k.
• Down 0.4% compared to September 2019
• Up 6% compared to October 2018
*Based on 6 month trend – Appreciating/Depreciating/Neutral
🏘️ Central Ohio Months Of Inventory
It’s still a Seller’s Market* in Columbus, Ohio!
The Months of Inventory based on Closed Sales in October 2019 was 1.7.
• Up 13% compared to September 2019
• 0% compared to October 2018
*Seller’s market: less than 3 months of inventory based on closed sales
📈Central Ohio Absorption Rate
The Absorption Rate based on Closed Sales in October 2019 was 60.4.
• Up 13% compared to September 2019
• 0% compared to October 2018
*Seller’s market: 33.33% and above based on closed sales
Central Ohio Housing Market Report At A Glance
Use this table to quickly see how the Columbus, Ohio area real estate market is doing.
Central Ohio Home Sellers
If you need to sell your home, it remains a sellers market overall. There are pros and cons to selling a home in the winter. There will be less competition, but there are also fewer buyers. It’s also important to keep in mind that on average winter home prices generally move down and the average days on market tends to go up by a few days.
Breathtaking seasonal home staging and accurate home pricing are keys to selling a home in the winter.
Questions about the home selling process? Check out our Seller FAQ section.
Please Note: Market conditions are different from one neighborhood to another and one price point to another. Call or text Columbus Realtor Rita Boswell at 614-830-9767 to learn more about market conditions in your specific community.
Get Your Home’s Value InstantlyColumbus OH Home Buyers
Winter can be the best time to buy a home. So, it’s a great time to start your home search. There will be fewer buyers to compete with, and homes will be on the market a little longer. This will give you a better opportunity to think about the homes you are looking at, and you may be less likely to find yourself in a hot multiple-offer situation with the home’s price quickly escalating.
It is still a sellers market. Make sure your financials are in order before finding the perfect home. Connect with a mortgage professional to get pre-approved. Getting pre-approved before starting your home search will save you the headache of looking for homes outside of your price range.
Use a Top Home Buying Agent to help you find homes that fit your needs and budget. Be ready to make a competitive offer when you find the right home.
Browse Today’s Newest ListingsAbout Central Ohio Real Estate Market Reports
“At the Rita Boswell Group, our goal is to provide home buyers and sellers with the most recent, in-depth market information possible.
Our report is based on data supplied by the Columbus Board of Realtors or its MLS. Information is deemed reliable but not guaranteed. Specific data points provided above may be adjusted, which will be reflected in future reports.
Our Central Ohio real estate market reports cover the counties of Franklin, Delaware, Fairfield, Licking, Madison, Pickaway, and Union. For market information on a specific community, contact Realtor Rita Boswell at 614-830-9767.”