Home buyers in Metro Columbus continue to be challenged by lean home inventories. According to Columbus Realtors, the March 2016 inventory of homes for sale fell by 21% from a year ago. This gives Central Ohio the leanest home inventory on record. Meanwhile, the pace of home sales has been brisk, up 6% from last year.
New home construction is unlikely to add significant supply to the Central Ohio real estate market anytime soon. The Commerce Department reports that Midwest home starts fell by 25.4% percent from February 2016 to March 2016. Industry analysts suggest that weather conditions were at least part of the single-month decline. No matter the cause, the pace of new construction remains well behind home demand.
If you are looking to buy a Metro Columbus home, we can help! Working with an Exclusive Buyer Broker gives you the best access to the market. We can show you all homes available on the market, without bias, including homes For Sale by Owner, new construction by homebuilders, and homes listed for sale on the Columbus Regional Multiple Listing Service.
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
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
