What did the real estate market look like in 2019? Stock markets reached new highs throughout the year, unemployment rates fell to 50-year lows, wages increased, and mortgage rates declined significantly.
At the end of 2019 in Central Ohio, there were 3,886 homes for sale; 6.2 percent fewer than the year before. With supply on the decline, Central Ohio home sale prices increased to meet the demand. The overall median sales price increased 7.6 percent to $209,900 for the year. Single family home prices were up 7.4 percent compared to last year, and condo home prices were up 7.5 percent.
If you are thinking of selling, great news: there are a ton of CBUS transplants that are looking to buy, and quickly! Our city needs more homes on the market, so invite us over for a walkthrough and we can figure out how to yield you the highest return. We offer professional photography, a professional stager, social advertising, and so much more to get your home in front of all the hungry home buyer eyes.
Buyers: Hello friends! LKW Home Team specializes in both listings and buyers, so we get to see how everyone responds to different scenarios. Words of advice: get a hella-tough negotiator; this market isn’t for the weak of heart. Lucky for you, we have had extensive training in negotiations with both buyers and sellers. Our motto: “We Think Outside The House,” which means our strategies get you the home that your in-laws will finally give you the official stamp of approval on, and your friends will get all the do it for the gram-worthy pics at your housewarming party.
Truth be told, real estate in our fine city is an amazing opportunity to gain wealth. We want you to succeed, be comfortable, and gain assets! Whether you are looking to buy, sell, or invest, we are here for you! Columbus is not slowing down, so grab the opportunity, it’s happening NOW!
Written by Jenn Kessel-White & Lauren Lucas of the LKW Home Team. We are ready to get the drill out and post the Open House signs in your yard, or face the brisk winds at your new home inspection right along with you. Give us a call at (614) 321-9262 or email [email protected]