Fall is definitely here. Yesterday while we were out driving I saw some color in the leaves in several places. Early color means cooler weather and Fall activities abound. In O-H-I-O that means Buckeye football, Football Friday Night for the high school teams, Halloween and Thanksgiving!
It also means its’ a great time to buy or sell a home. For buyers it’s a great time because interest rates are at historic lows especially if you are a first time home buyer. My observation is that there are lots of motivated sellers who are doing great things to make their homes very appealing for quick sales. Typically homes are selling in two weeks or less. For sellers it means quick sales with great sales prices. Many houses are selling with multiple offers and often at above the original list price.
This year has been a very busy market in the Columbus area. In July 2019 there were 3,334 homes and condos for sale which was up 3.3% from June and nearly 4% higher than in 2018 but it is still a low inventory situation.
In July the median sale price for the Columbus market was $220,000 which is an increase of 7.3% over July of 2018. The average sales price in July 2019 was $251,936 which is up 5.6% from 2018.For 2019 to date, sales prices are up 8.2% and the average sale price is up 6.2% over last year!
Whether you are thinking about selling a home or buying a home, there’s never been a better time than today.
If you would like to know what your home is worth and might sell for in today’s market contact me and I will provide you with free a detailed Comparative Market Analysis for your home. You may be very surprised to find out what your home is worth. The National Association of Realtors is projecting a 7 to 8% increase in home values in 2020 over this year.
John Guthrie Realtor® NAR OAR CBR
Dublin, OH 43017
614 889-7400 – Office 614 638-6846 Cell