Columbus real estate has bubbled up on another media list! A report by SmartAsset, a financial technology company, named the Columbus area real estate market as one of the healthiest in the country, placing it #86 nationally and #2 in Ohio.
What exactly is a “healthy” real estate market? In the case of the SmartAsset analysis, a healthy real estate market has these four elements: sales price stability, low risk of future depreciation in values, ease of home sales and home affordability.
According to the study, Columbus Metro homes spend an average of 36.9 days on market. Home prices have been climbing on a year-over-year basis, but not at an unsustainable pace. Only about 9% of homes on the market have seen declining values, and 11.7% have negative equity. Meanwhile, the costs of owning a Columbus home are within reach of median incomes.
Statistically, the market is healthy for home sellers. But for Columbus home buyers, the market can be a challenge to break into! A lack of entry-level home inventory has made first-time home ownership a more expensive endeavor in recent years. There are still opportunities in the market, but the fast pace of home sales can be daunting for unprepared buyers.
To have a healthy home buying experience, become a Buyer-Client of Buyer’s Resource Realty Services!
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
