Central Ohio Home Sales Surge in February - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Central Ohio Home Sales Surge in February

Central Ohio home sales Andrew ShowSpring came early to the Central Ohio real estate market as buyers flocked to available homes. According to Columbus REALTORS®, home inventory in February 2020 fell 9.9% compared to the same month a year ago.

Lean supply contributed to decisive buyer behavior and a record-setting level of February sales. Sales activity was 13.3% higher than February 2019, signaling a robust start to the 2020 spring and summer market.

The average sales price of a Central Ohio home increased 6.7% compared to last year, reaching $235,371. Homes priced below $350,000 are selling the fastest, averaging 41 days on market.

The average days on market increase as you go up the price ladder:

  • $350,000 to $500,000 = 78 days on market
  • $500,000 to $700,000 = 84 days on market
  • $700,000 and above = 111 days on market

However, statistics only count home sales occurring through the Columbus Regional Multiple Listing Service, and omit sales conducted directly by home builders or for-sale-by-owner. Real estate market conditions are highly localized and subject to change! Always seek the unbiased guidance of an Exclusive Buyer’s Broker before beginning your home search.

As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services www.BuyersHome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

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