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    Columbus is the Fastest Selling Market in the U.S.!

    A recent Zillow study showed that the Columbus housing market is the fastest selling market in the U.S. Homes are selling in a median of 5 days! The national median selling time is 22 days. Columbus is followed closely by the Cincinnati and Kansas City market which are selling in a median of 6 days.

     

    The number of homes that have sold has fallen slightly. Though this is not an indication of a lack of demand but rather a lack of inventory. At the end of June, there were only 2,600 active (not in contract) listings in the Columbus MLS. Just one year ago that number was 4,700.

     

    Home prices are on the rise due to this historic shortage of homes for sale. In the first 5 months of 2020, home prices were up 7.4% compared to the same time last year!

     

    Carleton Realty’s transactions are up 15% year to date and our sales are up 19%. Our agents are working hard to make sure that all of our client’s needs are met during this difficult real estate time.

     

    Bottom line is that it is a great time to sell. But if you are looking to buy then be prepared to be patient. Make sure to have a REALTOR® that knows the market and can help you navigate through this competitive housing market.

    Give us a call! We can connect you with one of our talented REALTORS®!

     

     

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    CARLETON REALTY

    CARLETON REALTY has been helping clients buy, sell, and manage real estate including residential and commercial properties throughout Ohio for over 25 years. With over 200 agents and 8 administrative staff members working under an experienced licensed broker, our team offers extensive expertise and knowledge about your local real estate market. Our agents come from diverse backgrounds, and collectively speak over 20 different languages. Our team has the ability to help clients feel educated and empowered throughout real estate transactions who may have otherwise needed a translator.

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