Columbus area home buyers have better market conditions these days, though sellers remain in the driver’s seat. Here’s the latest real estate data from Columbus REALTORS©, along with our own insights!
Columbus area home inventory continues to improve. The number of Columbus area homes for sale in February 2025 increased by 32% compared to February 2024. This is the highest inventory level of any February since 2017. This is bringing some relief to home buyers, who have faced historically-low levels of inventory for many consecutive months.
Home inventory now stands at 1.5 months of supply, and homes are spending an average of 43 days on market before going under contract. This is far from a balanced market, but it’s another improvement compared to prior home buying conditions.
With more homes on the market, price growth has slowed. Home prices increased by 1.9% on a year-over-year basis, reaching a median of $305,000. This seems to be a “sweet spot” for purchase activity. Homes priced from $300,000 to $399,000 accounted for 22% of all sales during February 2025, the largest share of any price range. The median home price in the Columbus area remains more affordable than other major metros in the country, presenting a good value to home buyers. Nationally, the median home sale price as of February 2025 was $402,500.
Meanwhile, mortgage interest rates have decreased slightly compared to a year ago. The average interest rate on a 30-year fixed Conventional mortgage was 6.67% as of March 20. Rates have been below 7% (for home buyers with excellent credit) for 9 consecutive weeks. This is also an improvement in home buying conditions compared to a year ago.
All considered, the market conditions in the Columbus area remain challenging for buyers, but sales trends are moving in the right direction. Buyers who are financially prepared, and represented by an Exclusive Buyer’s Broker are best positioned to succeed!
And because we only represent home buyers, we can show you ANY home on the market, including homes for sale on the Columbus Regional Multiple Listing Service, homes For Sale by Owner (FSBO) and new construction homes for sale by builders. Find out more with our free e-book, “How to Buy a Home like a Pro!“
As Exclusive Buyer’s Brokers, 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 interests.
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
