✨November 2023 Housing Market Report✨
The central Ohio market continues to improve with new listings, inventory, and sold prices – all increasing from November of 2022.
Last November, the region’s median sales price sat at $290,000 while it raised to $295,000 this year. The average sales price also saw a significant jump from $319,231 to $341,884.
Consumers are also happy to see a drop in interest rates. The national average 30-year fixed mortgage rate surpassed 8% in the month of October 2023 and has now dropped to 7.27% with predictions that it will fall below 7% in 2024.
With 57 transactions, a 24% increase year-over-year, with a median sale price of $220,000, Groveport Madison Local School District is one of the most affordable districts in central Ohio.
