Central Ohio Housing Report – May 2021

More records were set in May when the average number of days it took for a home to sell across central Ohio dropped to 14! The number of active listings did increase last month resulting in a higher number of sales as well. Read the full report below.

Homes Selling Faster Than Ever Before! 

The time it took a home to sell during the month of May dropped to its lowest point on record. According to the Columbus REALTORS® Multiple Listing Service, listed homes took an average of 14 days to sell.  

Days on market is calculated from the list date up until the actual day that the status is changed to Contingent, Pending, Temp off Market, etc. Days on market are the actual days that a property was Active.

“This is not necessarily how long the house has been on the market,” said Michael Jones, 2021 President, Columbus REALTORS®. “If an owner switches real estate agents, the number is reset. There are also occasions when a home is withdrawn and later relisted. This would also reset the DOM. However, REALTORS® are able to research the properties MLS history and can tell more effectively how long the property has been on the market.”  

Ten years ago, there were 17,603 homes for sale – 88 percent more than today, and yet home sales today are 50 percent higher. 

Market shares have also changed significantly over the last decade. In May 2011, homes under $350,000 accounted for 93.5 percent of the homes sold and it took an average of 109 days to sell. Last month, homes in that price range totaled 2,054, or 68.4 percent of the sales, and they sold in an average of 11 days! 

At the other end of the spectrum, there were 13 homes over $700K that sold in May of 2011 and it took an average of 251 days for them to sell. This year, there were 137 homes sold in that price range – a 592 percent increase in market share – and they sold in an average of 27 days!

“The dramatic changes in market share and days on market provide meaningful insight into the needs and wants of today’s home buyer,” added Jones. “And the fact that we have so many more buyers in the higher price ranges impacts the average market home sale price.”
 
The average sale price jumped 21.8 percent from to $315,127 and the median sale price rose from $233,000 to $275,000 which was an increase of 18 percent, year over year.
 
A welcome increase in new listings resulted in a rise in the inventory last month, even with an increase in home sales. New listings rose almost 21 percent from a year ago and almost eight percent from April.
 
The number of homes sales also rose 18.1 percent year over year and 7.1 percent from the previous month. And a healthy increase of 15.3 percent in contracts suggests strong home sales ahead for June.

May 2021 Housing Report

Columbus REALTORS® is comprised of over 8,700 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more.
 
The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross counties.

Central Ohio Housing Report – March 2021

Buyers are moving quickly on any new listings that come on the market. In March, just listed homes jumped 51% over February which resulted in a 36% increase of homes in contract as well!

If you’re considering a purchase or a sale, we can help you navigate this hectic, multiple offer market!  

New listings jump fifty percent in March

After two consecutive months of new listing declines, homes added to the market in March jumped 51.1 percent from the previous month. The 3,094 homes listed last month showed a marked improvement from the 2,047 new listings in February and 2,187 in January.

Buyers moved quickly on the added inventory putting 3,289 homes in contract, up 36.2 percent from February and 8.2 percent from last year.

This left the number of homes available for sale at the end of March at 1,639, down 51.9 percent from March of 2020, according to the Columbus REALTORS® Multiple Listing Service

As a result, months supply remains at 0.6 which means that, if no more homes were listed for sale, it would take just a couple weeks to sell the available inventory at the current sales pace.

“Inventory levels remain at record lows due to the significant increase in demand for homes in central Ohio that we’ve experienced for the last ten years,” said Michael Jones, 2021 Columbus REALTORS® President. “Meeting that demand is a process and will take time.”

“As every seller creates an opportunity, we’re hopeful that more homeowners will enter the market as things open up this spring and summer.”

Despite the drop in pending contracts reported in February, home sales increased almost 30 percent last month putting the first quarter of 2021 about three percent ahead of last year.

The average home sale price rose to $272,723 during first quarter 2021, an increase of 13.1 percent from one year ago. At $233,500, the median sale price reflected a gain of 11.2 percent.

Although homes have been selling in about 25 days this year, the time it takes a home to sell is based on several factors such as location, condition, and price. 

Homes under $350,000 sold in an average of 20 days. Homes sold between $350,000 and $500,000 took about 33 days to sell. Homes sold between $500,000 and $700,000 sold in an average of 52 days and homes over $700,000 took an average of 64 days to sell.

Homes under $350,000 sold in an average of 21 days. Homes sold between $350,000 and $500,000 took about 39 days to sell. Homes sold between $500,000 and $700,000 sold in an average of 57 days and homes over $700,000 took an average of 68 days to sell.
 
The average home sale price was $266,893 in February, an increase of 13.4 percent. At $255,500, the median sale price reflected a 7.4 percent gain.
 
With demand significantly outpacing supply, most homes sold in February sold for more than the list price. Those home that did sell for more than asking price, sold for an average of five percent more.
 
“Many homeowners have been reluctant to open their homes for showing due to concerns about the pandemic,” added Jones. “We expect to see an increase in sellers entering the market this spring as more and more people get vaccinated.”
 
March 2021 Housing Report

Columbus REALTORS® is comprised of over 8,700 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development and more.
 
The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross counties.

Building Your Career in Columbus Ohio

Columbus OH Convention Center

Interested in building your career in Columbus, Ohio? Good choice! The greater Columbus region includes 11 counties in Central Ohio, including over 2.1 million people and is the fastest growing metro area in the Midwest. The city of Columbus is the 14th largest city in the U.S. and the state capital.

Employment opportunities are diverse. For nearly a decade, Columbus has led the Midwest in job growth and GDP increases. The majority of employees in the region are white collar with an average age of 35.2 years and a strong Midwest work ethic.

Fifty-five college and university campuses are in the region including the Ohio State University. OSU is second among all national universities in industry-sponsored research. Fifteen Fortune 100 headquarters are located in the region, including household names such as Scotts, L-brands, JP Morgan Chase, Nationwide, and more. State employment offers many positions. Two world-recognized private research institutions are Chemical Abstracts and Battelle Memorial Institute. The world’s largest library cooperative is OCLC and is located in Dublin. Notable IT businesses include CoverMyMeds, Bold Penguin, Honda, and Saama. Columbus has been ranked as a nation hotspot for logistic companies. Major retail and insurance company headquarter also add to the mix of diverse opportunities. No single industry sector represents over 18% of area employment.

For more information to develop your personal career, visit Columbus Region or call 614-225-6063.

Halloween Trick or Treat Schedule for Columbus & Central Ohio

Halloween Trick or Treat Tomes for Columbus & Central Ohio

The 2019 Trick-or-Treat schedule for Columbus & Central Ohio is here! Find out when your little goblin or ghoul, dinosaur or fairy princess can plan on collecting candy from all your neighbors. From Bexley to Worthington, we’ve got the A-Z list of Central Ohio neighborhoods and when they’ll be ready with candy and spooky decorations. Make sure you stay safe by taking flashlights or glow sticks, use reflective stickers on dark costumes, go over safety rules with the kids, and have a safe and happy Halloween!


Thursday, October 24

Mansfield
Thursday, Oct. 24 from 5:30-7 p.m.


Saturday, October 26

Amanda
Saturday, Oct. 26 from 6-7:30 p.m.

Marengo
Saturday, Oct. 26 from 5:30-7 p.m.

Mount Gilead
Saturday, Oct. 26 from 5-6 p.m.


Sunday, October 27

Ashville
Sunday, Oct. 27 from 4-5:30 p.m.

Perry Township
Sunday, Oct. 27 from 3-5 p.m.


Thursday, October 31

Athens
Thursday, Oct. 31 from 5:30-7:30 p.m.

Bellefontaine
Thursday, Oct. 31 from 6-7:30 p.m.

Bexley
Thursday, Oct. 31 from 530-7:00 p.m.

Blendon Township
Thursday, Oct. 31 from 6-8 p.m.

Bucyrus
Thursday, Oct. 31 from 5-7 p.m.

Canal Winchester
Thursday, Oct. 31 from 5:30-7:30 p.m.

Chillicothe
Thursday, Oct. 31 from 6-7:30 p.m.

Circleville
Thursday, Oct. 31 from 5:00-7:00 p.m.

Columbus
Thursday, Oct. 31 from 6-8 p.m.

Coshocton
Thursday, Oct. 31 from 5-6:30 p.m.

Crooksville
Thursday, Oct. 31 from 6-7:30 p.m.

Delaware
Thursday, Oct. 31 from 6-8 p.m.

Dublin
Thursday, Oct. 31 from 6-8 p.m.

Etna Township
Thursday, Oct. 31 from 6-8 p.m.

Franklin Township
Thursday, Oct. 31 from 6-8 p.m.

Gahanna
Thursday, Oct. 31 from 6-8 p.m.

Galena
Thursday, Oct. 31 from 5:30-7:30 p.m.

Genoa Township
Thursday, Oct. 31 from 6-8 p.m.

Grandview Heights
Thursday, Oct. 31 from 6-8 p.m.

Granville
Thursday, Oct. 31 from 5:30-7 p.m.

Grove City
Thursday, Oct. 31 from 6-8 p.m.

Groveport
Thursday, Oct. 31 from 5:30-7 p.m.

Hamilton Township
Thursday, Oct. 31 from 6-8 p.m.

Hanover
Thursday, Oct. 31 from 6-8 p.m.

Heath
Thursday, Oct. 31 from 5:30-7 p.m.

Hebron
Thursday, Oct. 31 from 5:30-7:00 p.m.

Hilliard
Thursday, Oct. 31 from 6-8 p.m.

Johnstown
Thursday, Oct. 31 from 6-7:30 p.m.

Lakeview
Thursday, Oct. 31 from 6-7:30 p.m.

Lancaster
Thursday, Oct. 31 from 6-7:30 p.m.

Lewisburg
Thursday, Oct. 31 from 6-7:30 p.m.

London
Thursday, Oct. 31 from 6-8 p.m.

Madison 
Thursday, Oct. 31 from 6-8 p.m.

Marion
Thursday, Oct. 31 from 5:30-7:30 p.m.

Marysville
Thursday, Oct. 31 from 6-8 p.m.

Mechanicsburg
Thursday, Oct. 31 from 6-8 p.m.

Mifflin Township
Thursday, Oct. 31 from 6-8 p.m.

Mount Vernon
Thursday, Oct. 31 from 5:30-7 p.m.

New Albany
Thursday, Oct. 31 from 6-8 p.m.

Newark
Thursday, Oct. 31 from 5:30-7 p.m.

New Lexington
Thursday, Oct. 31 from 5:30-7 p.m.

Orange Township
Thursday, Oct. 31 from 6-8 p.m.

Ostrander
Thursday, Oct. 31 from 6-8 p.m.

Pataskala
Thursday, Oct. 31 from 6-8 p.m.

Pickerington
Thursday, Oct. 31 from 6-8 p.m.

Plain City
Thursday, Oct. 31 from 6-8 p.m.

Pleasantville
Thursday, Oct. 31 from 6-7:30 p.m.

Portsmouth
Thursday, Oct. 31 from 5-7:30 p.m.

Powell
Thursday, Oct. 31 from 6-8 p.m.

Prairie Township
Thursday, Oct. 31 from 6-8 p.m.

Reynoldsburg
Thursday, Oct. 31 from 6-8 p.m.

Russells Point
Thursday, Oct. 31 from 6-7:30 p.m.

Shawnee Hills
Thursday, Oct. 31 from 5-7 p.m.

Sunbury
Thursday, , Oct. 31 from 6-8 p.m.

Thornville
Thursday, Oct. 31 from 6-8 p.m.

Upper Arlington
Thursday, Oct. 31 from 6-8 p.m.

Village of Baltimore
Thursday, Oct. 31 from 6-7:30 p.m.

Village of Lexington
Thursday, Oct. 31 from 5:30-7:00 p.m.

Village of Lithopolis
Thursday, Oct. 31 from 6-7:30 p.m.

Village of Marble Cliff
Thursday, Oct. 31 from 6-8 p.m.

Village of Somerset
Thursday, Oct. 31 from 5:30-7:00 p.m.

Westerville
Thursday, Oct. 31 from 6-8 p.m.

Whitehall
Thursday, Oct. 31 from 6-8 p.m.

Worthington
Thursday, Oct. 31 from 6-8 p.m.


Saturday, November 2

Magnetic Springs
Saturday, Nov. 2 from 5:30-7 p.m.


Sunday, November 3

Buckeye Lake
Sunday, Nov. 3 from 5:30-7:30 p.m.

This list was accurate at the time of publication, please check your community website to ensure the times stay the same.

Pumpkin Fun for the Whole Family in Columbus OH

Boy Playing on Pumpkin

Looking for the perfect Columbus Pumpkin patch for your fall family fun? Search no more, we have a whole list of great farms that have exactly what your family is looking for! Big beautiful orange, white, and variegated pumpkins are coming into season and it’s time to visit the farm. Whether you group them on a porch, cook them into delectable desserts, or carve ’em up for the best ever jack-o-lanterns, you’ll loving going on the hunt at these terrific Central Ohio pumpkin patches! Some farms offer a shop or already-picked patch, and some offer much more for an entire afternoon of corn mazes, hay rides, and other autumn fun. We’ve got a list of all the best places to go this fall.

As always, this information was correct at publication time, but please check with the venue for up-to-the-moment dates, times, locations, and availability as you plan your family adventure!

Circle S Farms: Pumpkins for sale in shop and u-pick. Fall activities, corn maze, child-sized hay-bale maze, we also have pie pumpkins, tractor-pulled hay rides (handicap accessible available), picnic area, and a petting area for farm animals. No bonfires, and smoking prohibited. 9015 London Groveport Road, Grove City, OH 43123. Phone: 614-878-7980. Open: every day in October from 8:30am to 7:00pm. Hayrides operate from 9:00am until dusk

Note: Hayrides ARE handicapped accessible.
Note: School groups welcome, special education packets available.

Jacquemin Farms: Pumpkins in the shop and u-pick, kids hay maze, kids play area, and giant bounce toys after 3pm weekdays and on weekends.
7437 Hyland-Croy Road, Plain City/Dublin, OH, 43064. Phone: 614-873-5725. Open: Every day in October Mon-Sat 10am-6pm; Sundays 1pm-6pm.  The cost of admission is $6 per child (per day) and includes unlimited playtime in all of the play area. Admission is only $2 during day while school is in session. Children ages 2 and younger are free when at least one older paying sibling is present.
Note: Schools and groups welcome, but call ahead for reservations. Cost is $6 per child.

Lynd’s Fruit Farm: Apple picking happening now (late August), check website for updates on what’s available. Pumpkin picking times and dates to be announced, check the website for up-to-the-moment info.
Corn maze and fun zone for kids (bounce house weather permitting) is open Fri-Sat 10-10, Sunday 10:30-6. Open September 8 through October 29. Admission ranges from $2-10, depending on what activity is chosen and how long you want to play.

Pigeon Roost Farm: Pumpkins for sale in shop or u-pick, corn maze, child-sized hay-bale maze, tractor-pulled hay rides, restrooms. 4413 National Road Southwest, Hebron, OH 43025. Phone: 740 928-4925. Open: Daily 10-7 through Oct 31, closed Mondays. Directions: Located on State Route 40, one mile East of Kirkersville. From Route I-70 take exit 122, one mile north to Route 40, and one mile East to the farm. Pumpkinfest Weekends: These family fun weekends include wagon rides, face painting, food, crafts, farm animals/petting zoo with goats, chickens, rabbits, geese, turkeys…and camels! Includes the ‘Great Pumpkin Fun Center’ with a fort and tons of other farm family fun! Admission to Pumpkin Fun Center is $7 for 2 and up. Maze is included in that price. Tractor-pulled wagon rides $3 for 2 and up. Credit cards accepted.
Note: Schools and groups welcome, call ahead for pricing and reservations.