Columbus Residential Real Estate Worth $163 Billion - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Columbus Residential Real Estate Worth $163 Billion

Columbus Real Estate Andrew ShowDon’t tell the tax assessor, but the sum total of Columbus residential real estate is worth about $163 billion! This figure comes from an analysis by LendingTree, which calculated the worth of 50 U.S. metros by their residential real estate value. The study is based on U.S. metro home values as of January 2020, along with proprietary company data.

Lending Tree names the “Most Valuable Cities in America” as New York City, Los Angeles, San Francisco, Chicago and Washington D.C. Out of the 50 metros in the list, Columbus placed at #36.

This is one of those times when placing lower isn’t a bad thing. Columbus median home prices reached $233,000 in May 2020. The median home price in Chicago was $308,000. The median NYC home sale price was $635,000!

Yet Central Ohio home prices have been climbing year-over-year. Rising prices and a dearth of entry-level home inventory are a persistent challenge for first-time home buyers.

Still, when it comes to home affordability, the Columbus Metro remains one of the best bangs for the buck. Last year, Attom Data Solutions found that Franklin County was among the limited markets where an average salary was enough to afford a median-priced home.

Warren Buffett said it best: “Price is what you pay – value is what you get.” We will help you make the most of your home buying opportunities, with purchase negotiations focused on your best interests, as the home buyer!

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

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