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Showing posts with the label #Central Ohio Housing #columbusrealtors #housing report

Central Ohio Housing Report — February 2025

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With almost 1,000 more homes on the market at this time in 2025 than 2024, a busy spring lies ahead for REALTORS® in central Ohio. The median sales price in the latest central Ohio housing report published by Columbus REALTORS® rose to $305,000, marking a 1.9% increase year over year, while inventory has reached its highest levels for a February since 2017. There were 3,716 homes for sale in the Columbus & Central Ohio Regional Multiple Listing Service at the end of February, a 32% increase over February 2024, when there were 2,817 single-family homes and condominiums on the market. “We’ve experienced some warm weather, and we can sense spring approaching,” said Columbus REALTORS® President Buffie Patterson. “From our previous experience, we know that as the weather changes, home sales tend to increase. I believe we are poised for a busy spring in central Ohio.” In 2024, sales increased by nearly 16% from February to March. With almost 1,000 additional homes on the market ...

Central Ohio Housing Report - December 2024

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2024 surpasses 2023 in all areas. In December, sales increased by 13% compared to last year. Central Ohio concluded a robust 2024 in residential real estate sales by recording 2,169 closings in December. This marks a 13.1% increase from the 1,917 closed sales in December 2023. As projected in last month’s report, 2024 surpassed 2023 in nearly every statistical category. Closed sales increased by 4.2% for the year, with 28,754 sales recorded in the Columbus & Central Ohio Regional Multiple Listing Service (MLS), up from 27,592 sales in 2023. “In 2024, we saw an increase in new listings, which provided more options for consumers,” said Buffie Patterson, the 2025 President of Columbus REALTORS®. "We also observed a price increase of about 5%, which caused homes to remain on the market roughly four days longer than they did last year.” “More than anything, I believe we observed the market returning to the pre-pandemic norms of 2019 and earlier," said Patterson. The data suppo...

Home Remodeling Statistics and Trends

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You  may wonder whether or not to  renovate and which projects should take priority. You also may be interested in which upgrades provide the best return on investment (ROI). A recent Fixr report,  Home Remodeling Statistics and Trends of 2023 , sheds light on remodeling trends, homeowners’ spending habits, and interior design preferences.  I guide my clients towards the best decisions.  Here are some Fixr facts: Spending on homeowner improvements and repairs grew by 78% from 2014 to 2022, with an increase of $65B between 2021 and 2022   — the highest increase in the past ten years. The median annual spending  per household   on home improvements is $22,000 —  69% higher  than the 2019 median spending ($13,000).  Homeowners invest the most money in HVAC ($56.6 billion) and roofing ($72 billion) projects.    If you’re focused on maximizing your return on investment, check out this chart. Top 11 projects with the highes...

November 2024 Central Ohio Housing Report

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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...

Intel Progress

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  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...

Central Ohio Housing Report October 2024

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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.” ...

Central Ohio Housing Report September 2024

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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...

Intel Pushing Back It’s Timeframe

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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 Breaks Ground

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