Columbus Home Demand Shows Strong Start in 2022 - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Columbus Home Demand Shows Strong Start in 2022

Columbus home demandColumbus area home buyers hit the ground running in the New Year, making January 2022 home sales the highest on record for any January. Median home prices increased 11.1% on a year-over-year basis, reaching $250,000. Calculated as an average, prices increased 10.4% year-over-year, hitting $290,847.

According to Columbus REALTORS®, 91.3% of all new listings in 2021 were reportedly sold. Ten years ago, only 66% of new listings sold. While these figures do not include homes sold without an agent, they show the increase in Central Ohio home demand over a 10-year period.

Home demand is coinciding with population growth. In a previous blog post about Central Ohio home demand, we noted that the 2020 U.S. Census revealed a 15% gain in Columbus population during the past ten years. It is accurate to say that Columbus is the fastest-growing city in the Midwest!

While demand is clearly strong, the changing economic landscape of 2022 may cause some buyers to delay, or modify, their purchase plans. It’s better to step back and consider your long-term needs, than to rush headlong into a home that doesn’t fit your situation. The market may be “hot,” but it isn’t worth throwing all caution to the wind! Buyer’s remorse isn’t only emotional; it’s expensive, too.

Protect yourself in the home buying process with Buyer’s Resource Realty Services! 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

Previous post:

Next post: