Central Ohio Housing Report - January 2025
Sold in Westerville, Ohio The Powell Buehler Group can sell your home. Call 614-943-0025 Connie Sadowski, Realtor Real estate continues to be extremely local, and while t he central Ohio housing market began 2025 on a more subdued note, showing a 3.3% decrease in closed sales compared to January 2024, new listings increased by 7.4%, while total inventory surged by 34% year over year. Traditionally considered one of the coolest months, both literally and figuratively, for real estate, January recorded 1,506 closed sales in the Columbus & Central Ohio Regional MLS. This is the lowest number of closed sales in January for central Ohio since 2015, when 1,317 sales were noted. According to Bankrate.com , the average 30-year fixed mortgage rate in January 2025 was 7.09%, up from 6.72% in December 2024, as reported by Mortgage Reports . “We continue to observe some positive indicators in inventory growth in central Ohio,” said Buffie Patterson, President of Columbus REALTORS® ...