At Home with Connie Sadowski, Real Estate Expert

THREE MONTHS INTO 2024, CLOSINGS, NEW LISTINGS, AND MEDIAN SALES PRICES ARE UP OVER 2023. Closed sales saw a slight dip year-over-year. Still, median sales price, new listings, and total inventory all saw gains in the latest housing statistics provided by Columbus REALTORS®. In March, 2,218 closed sales were recorded in the Columbus and Central Ohio Regional MLS, a 3.7 percent decrease over March 2023. However, sales were up 15.8 percent compared to last month. There were 1,915 closed sales in February 2024. “The first three months of the year have shown us that we’re on the cusp of a busy spring selling season in central Ohio,” said Columbus REALTORS® President Scott Hrabcak. “We’re about 3 percent ahead of last year in terms of sales and about 10 percent ahead of last year in terms of new listings. It’s exciting that buyers have a bit more to choose from.” The median sales price for March in central Ohio was $310,000, up 8.4 percent year-over-year. Homes stayed on the market a...

Baby Boomers' Wave to Downsize   As the first groups of baby boomers gracefully rides the wave of aging, they are setting new trends in the housing market, giving birth to what experts fondly refer to as the "Silver Tsunami."  This phenomenon is not merely about a change in address; it's a lifestyle transformation tailored to meet the unique needs of the golden years.   With approximately 10,000 people reaching the age of 65 every day, the United States is witnessing an unprecedented demographic shift. By 2030, all baby boomers will have passed this milestone.  The Silver Tsunami is, in essence, a testament to the demographic strength of the baby boomer generation. Born between 1946 and 1964, this generation has played a pivotal role in shaping American society at every stage of life. One of the fundamental aspects of this is the desire for aging Americans to remain in their homes, a concept known as "aging in place."  And, this doe...

Some Highlights If you're about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses. Smaller homes could have lower energy and maintenance costs. Plus, you may have enough  equity   built up to fuel your move. If you're thinking about moving to a smaller home, connect with Connie Sadowski 614.943.0025 conniesadowski.com to go over your goals and look at your options in the local market.

Not All Baby Boomers Plan To Move Plenty of baby boomers don't plan on   moving   at all. A   study   from the   AARP says more than half of adults aged 65 and older want to stay in their homes and not move as they age ( see graph below ): While it's true circumstances may change and some people who don't plan to move ( the red in the chart above)   may realize they need to down the road, the vast majority are counting on aging in place.   As for those who stay put, they'll likely modify their homes as their needs change over time. And when updating their existing home won't work, some will buy a second home and keep their original one as an investment to fuel generational wealth for their loved ones. As an article from   Inman explains : "Many boomers have no desire to retire fully and take up less space . . .   Many will modify their current home, and the wealthiest will opt to have multip...

CLOSINGS, NEW LISTINGS, AND MEDIAN SALES PRICES SHOWED SIGNIFICANT GAINS OVER 2023 The housing market in central Ohio is heating up according to the latest sales numbers recorded in the Columbus & Central Ohio Regional Multiple Listing Service (MLS) for February. Closed sales spiked 10.8 percent year over year, and total inventory increased 21.7 percent compared with February 2023. The total inventory of homes for sale is 2,817 residences, which equates to a 1.2-month supply of inventory. “This is the second consecutive month that we have recorded an increase in closed sales after about a year and a half of decline when comparing year-over-year,” said Columbus REALTORS® President Scott Hrabcak. “I’m encouraged by the number of closed sales, but I am most excited by the nearly 22 percent increase in inventory. Our consumers need choices, and our REALTOR® members are ready to work hard for their clients. There is a tremendous demand in central Ohio, and it is shaping up to be a ...

Top 5 Reasons You Need Connie Sadowski, Realtor You may have heard headlines in the news lately about agents in the real estate industry and discussions about their commissions. And if you're following along, it can be pretty confusing. But here's the thing you really need to know – expert advice from Connie Sadowski of The Powell Buehler Group | Coldwell Banker Realty a trusted real estate agent is priceless, now more than ever. And here's why. A real estate agent does a lot more than you may realize.   Connie Sadowski of The Powell Buehler Group | Coldwell Banker Realty is the person who will guide you through every step when   buying a home and look out for your best interests along the way. She smooths out a complex process and take away the bulk of the stress of what's likely your   largest purchase   ever. And that's exactly what you want and deserve. This is at least a part of the reason why a   recent survey   f...

CLOSINGS WERE UP 2.8%, AND THE MEDIAN SALE PRICE INCREASED 8.9% YEAR OVER YEAR Share Tags:CentralOhioColumbus Housing MarketColumbusrealestateColumbusRealtorshome buyerHome Sales News ReleasesHousing Reporthousing statsHousing TrendsOhio Housing News The first month of 2024 saw gains across the board compared to January 2023, marking positive signs for what could follow in the new year. There were 1,558 closed sales in the Columbus & Central Ohio Regional MLS in January, a 2.8 percent increase over the previous year. Eighty-six percent of the sales in January were single-family homes, and the remaining 14 percent (208) were condominiums. Inventory gains were another bright spot. There were 2,066 new listings entered into the MLS, a 10.3 percent increase over the previous year. There are currently 2,890 homes for sale in the region, a 17 percent increase over the 2,471 homes listed in January 2023. “We’ve been seeing some positive signs when it comes to increases in inventory o...