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Showing posts with the label #Realtor #centralohiorealestate

Central Ohio Housing Report March 2025

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  March 2025 Central Ohio Housing Report Homebuyers have more options, as the number of new listings in central Ohio is higher now than this time last year. In March, there were 3,198 new listings in the Columbus & Central Ohio Regional MLS, and the median sales price increased to $320,000, reflecting a 3.2% rise compared to the previous year. “While slightly fewer homes are selling, those that are selling are commanding higher prices,” said Columbus REALTORS® President Buffie Patterson. “As we approach our traditionally busy spring selling season, we encourage all potential buyers to find a REALTOR®, get pre-approved, and narrow their search so they can be ready to act when they find that perfect home.” Closed sales saw a year-over-year decline. In March 2025, there were 2,108 closed sales, marking a 5% decrease from the 2,218 sales in March 2024. Despite the reduction in closings, the median sales price continued to rise, increasing from $310,000 in 2024 to $320,000 in M...

Making Sense of Home Improvements: What Adds Value?

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Before diving into renovation projects, it's important to understand which upgrades are likely to boost your home's value and which ones may not yield a significant return on investment.  While certain improvements can enhance your home's appeal and attract potential buyers, others may fall short of expectations. It's prudent to explore examples of home improvements that have the potential to increase your home's value, as well as situations where renovations may not have a substantial impact on its worth.  By gaining insights into these factors, homeowners can make informed decisions and maximize their return on investment when upgrading their properties. Home improvements that may increase the value of the home: Hardwood floors ... Refinishing or updating to wood floors have good appeal and have a high return on the cost. Kitchen Remodel - Updating the kitchen with modern appliances, countertops, and fixtures can increase the home's value by improving fu...