Central Ohio Housing Report June 2024

COLUMBUS, Ohio (July 23, 2024)—The central Ohio housing market broke its own record in June, and new listings increased, according to the latest housing statistics for June 2024 provided by Columbus REALTORS®. The median sales price hit a new all-time high. Homes sold for an average of $334,900 in June, a 3.9% increase year over year. To put that jump into perspective, just five years ago, the median sales price in Central Ohio was $181,500. “We are riding this wave of increased home prices this year. The downfall? Sellers will need to have patience as buyers are taking a little longer to make the big financial commitment,” said Columbus REALTORS® President Scott Hrabcak, “Having a dedicated REALTOR® by your side can help make the selling period a lot less stressful.” On average, homes in the Columbus & Central Ohio Regional MLS take just over three weeks to sell. Last year, homes sold in just about 20 days. “Buyers are finally getting more homes to choose from around town,” Hrabcak said. Inventory is up more than 35% year over year. Housing numbers for June show 3,905 homes on the market. That’s an increase of more than 1,000 compared to June of 2023. Additionally, inventory reflects those numbers with a 33% increase in a month's supply of inventory for June. Several Central Ohio communities are seeing a boom in their housing market. Big Walnut Local School District in Delaware County experienced a 50% increase in closed sales year over year. 33 homebuyers said yes to investments here in June. Fourteen families snagged forever homes in Grandview Heights in Franklin County. That’s more than a 55% increase in closed sales year over year. The spike in sales comes even as the median price of a home in Grandview Heights jumped 55% since last June. It rose to an average of $709,000. Columbus REALTORS® is composed of almost 10,000 real estate professionals engaged in residential and commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development, and more. The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Marion, Morrow, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Muskingum, Perry, and Ross counties. Here’s to new beginnings and a bright future in your new home! Contact Connie Sadowski, Realtor with questions 614-943-0025 Search for homes ConnieSellsOhio.com #1 Team Top 1% of Realtors The Powell Buehler Group coldwell Banker Realty
Location: Ohio, USA

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