The Columbus real estate market has been a hot topic lately and for valid reasons. As we examine the numbers, it’s clear that there is a high level of interest in the area with nearly 2,000 active listings and over 430 homes sold last week. Let’s delve deeper into these figures and what they signify for both buyers and sellers.
First, let’s discuss the number of active listings and soon-to-be-available homes. Currently, there are 1,953 properties available, providing buyers with numerous options, whether it’s a house or a condo that they’re searching for.
Despite the previous week being a holiday week, we can see from the number of homes sold that the Columbus real estate market is still active. Over 430 homes were sold, demonstrating that there is a high demand for homes in the area.
An essential figure to note is that the number of homes that went into escrow last week was 2,213, up by 9% compared to the same period last year. This could be attributed to several factors, including lower interest rates over the past few weeks and the spring buying season.
Out of the homes sold last week, the average sales price was just over $328,000, with an average of $2,750 asking price, and the average days on the market were 21. It is interesting to note that 229 homes sold in five days or less, indicating that homes that are priced appropriately are selling quickly, and buyers must act fast to secure the property they desire.
For those contemplating whether to buy a house or a condo, the Columbus real estate market offers both. Currently, there are 430 houses and 67 condos on the market, providing buyers with a range of options to select from based on their preferences.
Last week’s most expensive home sold was located on Drexel Ave for $1.825 million, and the most active zip code was Newark.
In conclusion, the Columbus real estate market is a topic of interest at the moment for several reasons. With numerous active listings, homes selling quickly, and competitive prices, it’s an excellent time for buyers and sellers alike. Columbus offers something for everyone, whether you’re searching for a house or a condo.
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