The volume of Columbus home sales increased 19% on a year-over-year basis, according to October statistics from Columbus REALTORS®. The Columbus area remains very popular with home buyers, even as other areas of the country see an exodus. Our resilient economy, quality of life and affordable housing remains a draw for buyers.
At the same time, Central Ohio homeowners are happy to stay put. The inventory of homes for sale in Metro Columbus has been declining for years, and as of November 19, stood at just under 2,400 homes. This is about half the inventory of a year ago.
New home development is in progress in Metro Columbus, but it will take time for these homes to reach the market. Hilliard has approved zoning for 1,098 single-family homes and apartments, with construction slated to begin in 2022. Meanwhile, 252 homes are in the works for northwest Delaware, and residential units are proposed for the Shops at Worthington re-development.
While new construction is welcome, home prices will remain stubbornly high for the foreseeable future. Builders are facing rising costs for land, materials and labor, and these costs are passed on to buyers. Buyers considering new construction should get our free e-book, “How to Buy a Home like a Pro,” and obtain the representation of an Exclusive Buyer’s Broker!
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
