Columbus Homes: More Expensive Than Ever

If you’re looking to buy a home, it’s a seller’s market right now. According to new data by the Columbus Realtors trade group, homes in 2016 sold for a median price of $170,000 which is 6.3% above 2015 and the highest price ever recorded.

Also surprising is the time a house sits on the market before selling, which on average is 43 days, a record-low — 12 days fewer than 2015.

“Soaring home prices are another reflection of how hot the central Ohio housing market is, which continues to be beneficial for anyone who might be looking to list their home for sale,” said Mic Gordon, 2017 President of Columbus REALTORS. “With inventory at a record low, there couldn’t be a better time than the present to put your home on the market.”

According to the latest Housing Market Confidence Index by the Ohio Association of Realtors, 94 percent of central Ohio Realtors would “describe the current housing market as moderate to strong and 92 percent expect home prices to rise over the next year.”

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