Columbus Home Buyers Put Sizzle in Summer Real Estate Market - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Columbus Home Buyers Put Sizzle in Summer Real Estate Market

Columbus real estate market newsDetermined buyers snapped up homes during June, keeping the sizzle in Columbus metro real estate. Homes sold in a searing-hot average of just 11 days, according June 2021 data from Columbus REALTORS®. This is 3 days faster than the smoking May sales pace, and 59.3% faster than a year ago.

There is no relief from the heat for Columbus home buyers. During June, listings sold for an average of 103.9% of list price. The average sales price for a Columbus Metro home reached $316,207, an increase of 15.8% from June 2020.

Homes priced $500,000 and under sold in an average of 10 days. Homes priced at $700,000 and above sold in an average of 40 days. The latter range shows a slowdown from May, when homes priced at $700,000 and above sold in about 27 days.

Meanwhile, listings of Columbus Metro homes for sale increased 22.7% compared to a year ago. Yet the aggressive pace of purchase offers consumed new listings quickly.

Nothing short of new inventory – and lots of it – will cool down this market. In the meantime, Columbus home prices remain relatively cheap compared to other major metros. Buyers continue to be drawn to Columbus for the economic opportunities and the housing value.

Please remember that this data does not include homes For Sale by Owner (FSBO) and new construction for sale by home builders. Traditional agents cannot show you these listings, but as your Exclusive Buyer’s Broker, we can! We can also help you succeed in this challenging market. Get our free e-book, “How to Buy a Home like a Pro,” to see the difference we make!

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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