Hello, everyone! Last week, as we observed Labor Day, the Columbus Real Estate Market experienced a slight deceleration, with only 406 homes changing hands. The question on many minds is whether this represents a broader trend. Let’s take a look at this week’s Columbus Real Estate Market Report!
I’m Michael Dalton, your trusted Columbus REALTOR©, and I’m pleased to present the Columbus Real Estate Market Report for September 13, 2023. If you find this information valuable, I invite you to engage by liking and subscribing to stay updated on future insights.
Analyzing the Current Inventory
Let’s commence by examining the current inventory according to the Columbus MLS. Currently, are 3,179 homes available for sale or soon to be listed. Over the past month, 2,645 homes changed ownership, with 2,793 homes currently under contract. This equates to an inventory level of just over a month, measuring 1.2.
It’s worth noting that the average sales price from the previous week dipped to $349,901.12, and homes spent an average of 20 days on the market. This dip can be attributed to increased holiday travel activity. However, we anticipate a potential rebound this week.
A Closer Look at Recent Trends
Interestingly, 48% of all homes sold last week found buyers within just five days, with an average sales price of $329,721.88. Again, this dip in pricing can be attributed to the holiday period. The most notable sale was a property on Yantis Drive in New Albany, fetching an impressive $3.1 million.
The Local Perspective
Locally, the most active zip code last week remained Reynoldsburg, which continues to experience a highly competitive real estate market. Did you know that it is also known as the “Birthplace of the Tomato?”
What Lies Ahead
To sum up, that concludes this week’s Columbus Real Estate Market Report. My commitment is to assist you in ‘Making a Move for Your Future.’ If you’d like to discuss your real estate options further over coffee, please don’t hesitate to contact me at 614-642-4889 or visit my website.
Thank you for joining me today for this week’s Columbus Real Estate Market Report, and I look forward to sharing more insightful updates with you in the weeks ahead. Until then, take care, and see you next week.
To search for homes in the Columbus area, visit us here: https://www.mattcteam.com/property-search/search-form/ Want to check the value of your home? Click here: https://mynexthomecolumbus.com/home-value-analysis/ Like, Follow, Share & Subscribe Instagram: https://www.instagram.com/michaeldaltonrealtor/ Facebook: https://www.facebook.com/MichaelDaltonREALTOR Twitter: https://twitter.com/mdalton64 Linkedin: www.linkedin.com/in/michaeladalton
