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Market Report – January 2022

January’s numbers showed a slow start to 2022. After new listings being up 11% in 2021, January showed a .5% downturn. According to the Columbus REALTORS®, home sales were down 2.8% but were still higher than any other year.

The average home price is up 10.4% at $290,847 compared to January 2021. The median home price is $250,000, an increase of 11.1%.

Population growth is driving the expansion that we are seeing. The population in the counties served by the Columbus REALTORS® has grown by 13% between the 2010 census and the 2020 census. This represents 85% of the growth for all of Ohio in that time span. Over the same time, new listings grew by 14%, keeping in line with the population growth but home sales grew by 58%! Therefore, we have the home inventory shortage that we are dealing with now.

It is still a great time for sellers in our market. Buyers will need to continue to show patience when looking for a home.

Give us a call at 614-891-0000 for all your real estate needs!

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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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