Hello everyone, Michael Dalton and this is your Monday Columbus Real Estate Market Update for February 20, 2023.
Inventory is tight but the Columbus Real Estate Market is still showing if your home is priced correctly it will move fast and you WILL get more than your asking price!! Last week, 42% of all homes sold last week were on the market for 5 days or less and saw an average sales price of $320,622.72 vs $316, 605.39.
More importantly, those homes that were not priced right saw an average of 44 days on the market!! Per realtor.com “While DOM can indicate sellers who are refusing to budge on their asking price, it can also identify sellers who haven’t received offers and who may be open to a dramatically lower offer. Because the last thing sellers want is for their house to get stale on the market.”
Bottom line is that if you are a seller make sure that your home is being priced correctly and sure you and your agent have an effective pricing strategy. If you are a buyer there are deals to be made whether in price and/or concessions to be negotiated especially if the home has been on the market for a while.
If you would like my full report please click here. I hope you find this information helpful have a great week everyone and if I can assist you in any way please feel free to contact me at (614) 642-4889!
