At Home with Connie Sadowski, Real Estate Expert

Waiting is a strategy but is it a good one? These numbers may help you decide it’s time to jump in the housing market now. Closings in central Ohio were up 3.5% compared to last November, and the total inventory checked in at 4,600 homes and condos, a 21.2 percent increase over last year. Through 11 months, 2024’s housing market in central Ohio is on track to outperform 2023 in nearly every category. There were 2,146 closings reported in the Columbus & Central Ohio Regional MLS in November 2024. The median sales price remained the same as October, holding steady at $315,000. Days on market rose 29.2% year over year to 31 days, and new listings dipped 1.3% compared to last year, as 2,204 new listings entered the market in November. November’s total number of closed sales was in line with last year's; however, it marked an 18.3% decrease compared to last month. In October, 2,539 closed sales were reported. As the year winds down, 2024 is tracking to outperform 2023 across the boa...

  Progress on the Ohio One Intel site as of August 2024 State Route 161 Improvements: July 2023 - August 2025  A third lane has been added to each direction of State Route 161 from I-270 to U.S. 62, taking the road from four lanes to six. Governor Mike DeWine and ODOT celebrated the widening of this heavily congested 6.3-mile portion as the lanes opened to traffic the week of October 27. Governor DeWine directed ODOT to prioritize this road construction project due to an anticipated increase in traffic resulting from large-scale economic development projects in the area. Final paving of all six lanes will take place this spring. This project also entailed widening the ramp from State Route 161 west to I-270 north and includes the future installation of noise walls in select areas along the highway to mitigate sound impacts on nearby residents. These additional construction activities should be complete by August 2025. Download a PDF of the Planned Improvements → Phase 2 of Gre...

Closings are up nearly 8 percent in October in the latest monthly report from Columbus REALTORS®  October 2024 - Columbus Realtors Sales in central Ohio remained steady into October as the region witnessed a 7.6% increase in closed sales and 3,047 new listings added to the market. There were 2,539 home sales reported in the Columbus & Central Ohio Regional MLS last month, up from 2,360 sales in October 2023. This month’s sales closely mirrored September, when 2,508 homes changed hands. The median sale price is up 3.3% year over year, checking in at $315,000. One bright spot for consumers is that the median sales price dropped 2.8% compared to last month, when the median sales price was $324,000. “If you’re a potential home buyer or seller in central Ohio, we know that the market can be a little challenging at times,” said Columbus REALTORS® President Scott Hrabcak. “When sales, inventory, and prices are up, a REALTOR can provide expertise and navigate you through the process.” ...

COLUMBUS, Ohio (Oct. 23, 2024)— September saw a 2.6% increase in closed sales, and inventory rose to a two-month supply for the first time in six years in the latest set of housing statistics issued by Columbus REALTORS®. The total inventory of homes for sale in the Columbus & Central Ohio Regional MLS was 4,804 in September, up 4.7% from last month and 32.6% year over year. The last time inventory reached a two-month supply in central Ohio was August 2018, when 5,429 homes were listed. “For the better part of two years, we saw a large majority of homeowners choosing to stay in their homes,” said Columbus REALTORS® President Scott Hrabcak. “As mortgage rates dropped and inventory increased, the market stabilized, but sales remained consistent. In the end, consumers have more choices.” There are similarities between September 2024 and August 2018. There were 3,249 closed sales, with an inventory of 5,429 homes. That month, there were 3,821 new listings, and homes sold at a one perce...

The Ohio One Site in January 2023. In February 2024, Intel announced that it is pushing back its timeframe for completing the two fabs. When Intel first announced Ohio as the site of its newest and most sophisticated chip manufacturing factories, company officials suggested the facilities could be done as early as 2025. But that aggressive goal will not be met. Typical construction timelines for semiconductor manufacturing facilities are three to five years from groundbreaking, depending on a range of factors. Intel broke ground on its Ohio One campus ahead of schedule in September 2022. Since announcing its plans in early 2022, Intel has been a strong community partner for the City of New Albany. The company has reiterated its full commitment to the project, and we expect to see continued progress at the Ohio One site. The City of New Albany will continue to fulfill its commitments of completing related infrastructure, and we look forward to our continued partnership with Intel to bri...

Intel New Albany, Ohio Breaks ground Updates, more info   https://siliconheartland.newalbanyohio.org Connie  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. 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 conniesadowski.com