Columbus Real Estate Market Tough for Home Buyers - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Columbus Real Estate Market Tough for Home Buyers

Columbus home buying market Andrew ShowHome buyers in the Columbus Metro face a difficult market in 2020. The situation is such that Columbus was recently named one of the “Hardest Cities to Buy a Home” by The ranking compared the number of homes available for sale per every 1,000 households in the largest U.S. metros.

We’ll cut to the chase: Columbus was named as the 5th-hardest city to buy a home. Cities topping the list were San Jose, Buffalo, Seattle and Milwaukee. Notoriously-tough cities for home buying like Salt Lake City, Boston and Washington D.C were “easier” markets than Columbus.

Columbus home inventory has lagged behind demand for several years. As we explained in a recent article published by the Columbus Dispatch, this is the toughest market we’ve seen for home buyers in our 28 years of business. While buyers are buoyed by a strong regional economy and low mortgage interest rates, there aren’t enough homes for sale in the price range of $250,000 or less.

There are several reasons why affordable home inventory is scarce. During the recession, a multitude of single-family homes were acquired by investors and converted to rental properties. Home builders, with rare exception, cannot build profitable homes under $300,000. Meanwhile, current homeowners may feel locked down by the same market dynamics vexing other buyers. With few homes to choose from, there’s practical caution about listing the roof over your head.

The Columbus real estate market is likely to stay competitive in the months to come. Working with an Exclusive Buyer’s Broker gives you the best chance of home buying success! Unlike typical brokerages, we are willing and able to show you any home on the market, including homes for sale on the Columbus Regional Multiple Listing Service, homes For Sale by Owner, and homes for sale directly by home builders.

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
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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