Columbus home buyers found a bit more to choose from during February, with the inventory of homes for sale up 21.7% compared to a year ago. According to the latest data by Columbus REALTORS©, overall home inventory increased to just over one month of supply, a 33.3% increase from February 2023.
Data from Columbus REALTORS© identified a notable uptick of listings in three markets during February, located in the following areas:
- Westerville City School District, 80 new listings
- Worthington City School District, 55 new listings
- Delaware City School District, 62 new listings
While any increase in home inventory is welcome, it remains well below normal. This keeps pressure on home prices, which increased 6.6% during February, reaching an average of $336,802. Homes are also selling quickly, averaging 37 days on market.
Central Ohio remains a seller’s market, a condition that will remain for the foreseeable future. On average, sellers received 97.4% of their original asking price. However, a number of listings have seen price adjustments, and sellers have been willing to negotiate somewhat.
Buyers may have opportunities to find wiggle room on price, especially if they have the guidance of an Exclusive Buyer’s Broker. Learn how we negotiate the best possible price and terms for our Buyer-Clients by reading our free e-book, “How to Buy a Home like a Pro!”
The market information from Columbus REALTORS© represents transactions occurring through the MLS. It does not include sales conducted without a listing agent, such as homes For Sale by Owner, and new homes marketed directly by builders. As Exclusive Buyer’s Brokers, we can show you any home for sale, from any seller.
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 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
