Central Ohio home buyers Archives - Columbus Ohio Real Estate | Buyer's Resource Realty Services

More Central Ohio Homes Hit the Market Mid-Summer

RealSupport — Thu, 28 Aug 2025 23:04:16 +0000

Central Ohio home buyers have the best home selection in years, according to the latest data by Columbus REALTORS^©! Home inventory increased over 20% on a year-over-year basis as of July 2025. Currently, Central Ohio is sitting on the highest housing inventory since 2016, providing home buyers much-needed breathing room.

Home demand has kept the pace of sales brisk. On average, Central Ohio homes spent 27 days on market before going under contract, which is 5 days longer than a year ago. However, the inventory of Central Ohio homes for sale remains below historical norms, standing at 2.3 months of supply. Sellers still have the upper hand, but in certain areas, the grip has loosened a bit!

The median sales price of a Central Ohio home was $342,000 as of July 2025, which is an increase of 4.6% from the prior year. Columbus REALTORS^© report that median sales prices exceed $600,000 in the communities of Dublin, Powell, New Albany, Grandview and Bexley, with Bexley also noted as a Top 10 “Hottest” market by Realtor.com.

For home buyers looking for value, there are several Central Ohio markets offering median sale prices below $300,000. They include:

Columbus City School District $269,950
Groveport Madison LSD $255,500
Lancaster CSD $275,000
London CSD $290,000
Marion CSD $193,000
Newark CSD $230,000

As of August 28, 2025, the average interest rate on a Conventional fixed mortgage was 6.56%. This is the lowest rate average in 10 months, which has provided some incentive to sidelined home buyers. There is the possibility of softening mortgage rates in the months ahead. We will have more guidance after the next Federal Reserve meeting in mid-September, when overall economic conditions are reviewed.

Be prepared for all market conditions with an Exclusive Buyer’s Broker! 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!

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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Rising Rents Squeeze Prospective Home Buyers in Central Ohio

RealSupport — Thu, 16 Mar 2023 06:59:46 +0000

It’s no secret that rising interest rates and low home inventory have challenged Central Ohio home buyers. Another barrier to home ownership is the rising cost of rent. Since 2016, average rents in Ohio have increased by more than 50%.

Despite this, Central Ohio remains a relatively affordable place to live, compared to other major metros in the country. During 2022, the monthly rent on a 2-bedroom apartment in Central Ohio was $1,295. Nationwide, the average monthly rent on a 2-bedroom apartment was $2,105, according to Rent.com.

Like all real estate, the rental market is highly nuanced, with rents varying widely depending on the neighborhood, apartment size, amenities and so on. Affordable rents can still be found in the Columbus Metro – but you have to look harder for them. For those who have less-than-perfect credit, it can be difficult to obtain housing, especially when there are multiple applicants for the same apartment.

Central Ohio’s population growth will keep pressure on the rental market. The Mid-Ohio Regional Planning Commission shows Columbus as the only Midwest city to add over 100,000 residents in the last decade. It is estimated that the region’s population will triple by 2050.

Central Ohio’s population growth is supported by robust economic development, something that any area would be envious to have. It has been difficult for new housing development to keep up, and these growing pains do not have a simple solution.

In the meantime, Central Ohio tenants must juggle rising rents with other increased expenses. They must also find the means to save for a down payment, and control debt levels, if they aspire to become home buyers.

There is help available through Ohio housing programs. Franklin County renters who need assistance can find resources at Rentful614.com. If you are a home buyer looking for down payment assistance and financing options, we list resources in our free e-book, “How to Buy a Home like a Pro!” You can download it right now without any cost or obligation.

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.

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Central Ohio Homeowners are Happy to Stay Put

RealSupport — Mon, 14 Sep 2020 08:19:16 +0000

When it comes to putting down roots, homeowners in Central Ohio have carved out quite a niche. According to a 2020 study by SmartAsset, reported in Columbus Business First, Worthington homeowners have held their properties for an average of 24.8 years. The national average for home retention is 13 years.

Long-term home ownership is also found in Pickerington, where homeowners have stayed in their residences for an average of 23.7 years. Delaware homeowners have been sticking around for an average of 18 years.

These embedded homeowners are reaping the benefits of wise home purchases in the past. For example, Worthington residents are spending an average of just 18% of their income on home ownership costs.

Worthington’s low ratio of distressed property, home ownership length and home value appreciation earned it the title of “Most Stable Housing Market in Ohio” by SmartAsset.

Earlier this year, SmartAsset named Pickerington and Hilliard among the “Top 10 Housing Markets in Ohio” based on neighborhood stability, speed of home sales, and home prices relative to income.

While this is great news for Central Ohio homeowners, it’s also an example why Columbus area home buyers have limited inventory to choose from. Homeowners simply do not have much motivation to move. Many purchased their homes during a less expensive period, and have refinanced their mortgages as interest rates fell.

Still, opportunities can be found in the Central Ohio real estate market. Patient home buyers who work with an Exclusive Buyer’s Broker can access the widest possible array of homes for sale – including homes on the Columbus Regional MLS, new construction, and homes For Sale by Owner!

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.

The post Central Ohio Homeowners are Happy to Stay Put appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Columbus Home Buyers, Keep Calm and Carry On

RealSupport — Fri, 27 Mar 2020 06:57:34 +0000

As news about COVID-19 dominates the headlines, Columbus home buyers may feel uncertain about the future. Anyone who is experiencing a loss of employment or business disruption must understandably wait things out. But for buyers who have the wherewithal to stay in the market, it’s wise not to give in to fear. This too, shall pass!

Of course, precautions should be taken in the interests of public health and your own. A recent article in the Columbus Dispatch discussed the measures employed by real estate professionals to help protect clients. These include sanitizing high-touch areas and observing social distancing. Frankly, there are more health risks in grocery shopping these days than in buying a home!

Another option is to leverage technology. While buying a home without visiting it isn’t for everyone, buyers have been doing this for years, relying on photos, videos and listing data. We can supply you with a wealth of broker-level information about the homes that interest you, and even tour homes on your behalf!

When you are ready to submit an offer, our buyer-centric contract includes contingencies to protect your interests, such as home inspections and remedies for repair issues.

We care about our Buyer-Clients! We are observing all practical precautions in the daily course of our business. Our full services remain available during this time of social distancing.

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.

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