“Closed sales increased 13 percent year over year and total inventory spiked 28 percent when compared to last April in the most recent housing report provided by Columbus REALTORS®.
Last April there were 2,388 homes for sale in central Ohio and this April that number rose to 3,054 which is 1.3 months of inventory. A balanced housing market contains 5-7 months of total inventory.
While still firmly entrenched in a seller’s market, the signs pointing to more choices for potential buyers is positive news. On average, homes are selling slightly over asking price at 100.3 percent of last list price received.
“It’s great to see our total inventory climb over 3,000 units,” said Columbus REALTORS® President Scott Hrabcak. “We haven’t been at that level in the month of April since 2020. There is still plenty of competition out there but as we head into the summer months it’s great that REALTORS® will have more options for buyers.”” – Columbus REALTORS®
