Franklin County’s median home price increased to $166,669 during 2016, up from $157,625 in 2015. “Median” means that half of the homes sold for more than this amount, and half of them sold for less.

Looking at things regionally, Central Ohio saw 31,532 home sales during 2016, which is a respectable gain of 6.8% from 2015. The regional median home sale price reached $170,000, while the average home sale price reached a high of $202,224. Altogether, Central Ohio home prices were up approximately 6% from 2015.

Not surprisingly, Central Ohio homes sold at a brisk pace throughout 2016. Homes spent an average of 43 days on the market before going under contract. Homes priced between $120,001 and $160,000 sold the quickest, averaging only 32 days on market. Homes priced between $160,001 and $250,000 spent only 33 days on market.

As always, please remember that statistics are a broad overview of market conditions, and do not take homes sold by builders or homes for-sale-by-owner into account.

As long as our regional economy remains healthy, we are likely to see similar market conditions through much of 2017. Home buyers who have their financing in order, and who are Buyer-Clients of an Exclusive Buyer’s Broker, can succeed no matter how “hot” the market might be!

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

The post 2016 Robust Year for Central Ohio Home Sales appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Examples of Columbus’s appeal to new residents includes being home to Ohio State University, which is the third-largest college campus in the nation. Columbus is also home to the Battelle Memorial Institute, the world’s largest private research and development organization. Our lifestyle, amenities and economic opportunities have helped draw 25,000 new residents to Central Ohio in the past year.

The Columbus Business Journal further evidences the positive trends in Central Ohio real estate, reporting that more homes sold in July 2015 than any other month on record, according to industry statistics. Here’s a breakdown of July 2015 home sales data:

• Homes sold: 3,208, up 11.7% from last year
• Average sale price: $206,691, up 3.9% from last year
• Average days on market: 43 days
• Home inventory for sale: 7,919, down 17.9% from last year
• Homes sold year-to-date: 17,110, up 9.7% from last year

Please note that these statistics do not include home sales that occurred independently from real estate professionals. Homes sold directly by builders, or through sale-by-owner transactions, are not counted by Realtor associations; therefore, actual sales volumes may be somewhat higher than what these numbers indicate.

It also means that Central Ohio’s available home inventory is larger than reported! When you use the Exclusive Buyer’s Broker services of Buyer’s Resource Realty, you can see any home on the market, whether or not it’s listed by an agent.

Ready to begin your Columbus home search? 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

The post Columbus Named Among Top “Up-and-Coming” Housing Markets appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.