Columbus update from a local team
I see a lot of investors that are interested in Columbus OH. In state and out of state. We want to bring you clear data and update on what is going on here.
Columbus is now ranked the 4th hottest market in the U.S. Here is some data about the month of May in Columbus:
During the month of May, there were 4,394 homes and condos listed in central Ohio which is a whopping 18.8 percent more than April and 8.2 percent greater than the same month a year ago.
The average sales price of a home during the month of May in central Ohio was $235,133, which is 3.8 percent more than May 2017 and the average monthly sales price on record. The median sales price was $204,000, up 7.4 percent from a year ago.
This brought inventory to 4,471, an increase of 16.1 percent over April. Compared to a year ago, inventory is still down 3.3 percent leaving central Ohio with a 1.6 months supply of inventory at the current sales pace.
Provided by Columbus Board of Realtors
We hope you find this simple update useful.
Happy investing!