The demand for Columbus homes isn’t likely to slow down in the New Year, according to projections by Trulia. They recently named Columbus #8 among the top 10 cities poised for growth in 2018! The study compared 100 major cities in the U.S., using metrics such as job growth, home affordability, apartment vacancies, median age of households, and online home search activity.
This is just the latest study showing how popular the Columbus area has become! In prior blog posts, we talked about Hilliard being a hotspot for Millennial home buyers, and Columbus being the hottest “hipster” real estate market. Then came the study by WalletHub naming Dublin, Hilliard and Upper Arlington among 2017’s “Best Small Cities in America.”
The strength of the Columbus real estate market is more than media hype. October 2017 home sales increased 4.4% compared to October 2016, with 2,760 homes sold. This marks the highest October sales volumes on record.
Home prices also reached new highs. The median sales price for a Central Ohio home reached $183,000 in October, an increase of 8.9% from a year ago. Doing the math another way, the average sales price reached $215,296.
Please keep in mind that while statistics provide a benchmark, they do not include sales transacted outside of the MLS – namely, homes sold directly by builders, or homes sold by owner with no listing agent involved.
Still, the direction of the market suggests that 2018 will feature the same home buying challenges we’ve seen throughout 2017. Namely, persistently-low home inventory, buyer competition, rising interest rates and higher home prices.
Fortunately, there is one home buying advantage that remains consistent, too: Exclusive Buyer Brokers! We help you avoid overpaying for a home – even in multiple-offer situations. And because our only loyalty is to you, we don’t pull any punches when it comes to pointing out home defects or other material facts that could affect you. Plus, our reputation for integrity, along with our history of representing qualified, well-prepared home buyers, works in your favor.
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.
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
