Two recent articles by Realtor.com highlight the appeal of the Columbus housing market to home buyers. Columbus is ranked in the Top Ten Easiest Places to Buy a Home, based on the following positive factors:
- Total costs of home ownership
- Median home prices in relation to median wages
- Affordable home inventory
- Property tax rates
- Mortgage rates
After being compared to the 50 largest metropolitan areas in the country, Columbus placed #10 in the “Easy to Buy” index. Home affordability in Columbus is complimented by a healthy job market and good economic conditions.
Columbus is also ranked among the “20 Hottest Real Estate Markets” based on industry data for July 2015, compiled by Realtor.com. Columbus placed as the 15th “hottest” market, according to buyer activity. Buyer activity includes the number of views-per-listing and the age of home inventory on the market.
On the average, cities on the “hottest markets” list had 3 times as much online home browsing activity as other metros. Home sales in the hottest markets were also happening 24 to 41 days faster than the national average. A good balance of home supply and demand is another element in these top markets.
Now, let’s take the hype out of these articles. It’s fair to say that Columbus has a healthy housing market, but calling it “easy” and “hot” could be a bit misleading. There are excellent home buying opportunities in Central Ohio, but buyers must be well-prepared and well-informed to make the most of them. And no matter how “hot” a market might be, there’s no sense in overpaying for a home, or sacrificing contingencies that protect you!
This is why the guidance of an Exclusive Buyer’s Broker is so very important. Successful home ownership begins with obtaining home buying education and professional guidance. In turn, this empowers you to make the best possible home buying decisions. We encourage you to download our free e-book, “How to Buy a Home like a Pro” and see what we mean!
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
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
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
