Central Ohio saw a welcomed drop in mortgage rates in December and buyers had more options in home’s for sale. The average sale’s price increased by 9.4% since December of 2022 and the median sales price rising 7.8%. Houses sat on the market an average of 29 days this month, whereas they were only sitting for 18 days this time last year.
The market continues to be in the sellers favor but with the longer market time buyers have an advantage of having more time to make a correct choice for them.
