Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs.

For the Entire Columbus MLS, in June, there were 3,338 homes that closed with a median sales price of $212,000.

For the Entire Columbus MLS, in May, there were 3,056 homes that closed with a median sales price of $204,000.

For the Entire Columbus MLS, in April, there were 2,590 homes that closed with a median sales price of $190,000.

Andrew Show
Broker, CEBA, CEBA-M, CNE, CSP, e-PRO, PSA, CREM, ABR-M
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
www.BuyersHome.com

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The post Quarterly Market Statistics – Second Quarter 2018 appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs.

For the Entire Columbus MLS, in March, there were 2,381 homes that closed with a median sales price of $185,000.

For the Entire Columbus MLS, in February, there were 1,681 homes that closed with a median sales price of $177,000.

For the Entire Columbus MLS, in January, there were 1,635 homes that closed with a median sales price of $172,500.

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
www.BuyersHome.com

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The post “Quarterly Market Statistics – 1st Quarter – 2018 appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Home inventory stands at a 1.7 month supply at the current rate of sales. What this means, is that if no new listings came to market, all available homes would be sold in less than 60 days. In a balanced real estate market, home supply would stand at 6 months.

Please keep in mind that these statistics do not include homes For-Sale-By-Owner, or other home sales conducted outside of the Columbus Regional Multiple Listing Service.

With home demand outpacing supply, sales prices are moving higher. The average sales price of a Columbus home reached $227,783 during May 2017, an 8% increase from a year ago.

Meanwhile, distressed home inventory, representing short sales and foreclosures, has also fallen. During the first quarter of 2017, about 7% of Central Ohio home inventory was distressed, down from 10.9% a year ago. This is good news for homeowners, as fewer distressed homes mean higher property values. But for home buyers, it means fewer bargains on the market.

However, there are some localized pockets of distressed properties and lower prices. According to the Columbus Dispatch, about 18% of Whitehall home sales during the first quarter of 2017 were distressed properties. Some of these homes might escape buyer attention because they’re priced lower than the search parameters buyers enter online. Yes, these types of homes will need some work, but one should consider the opportunities.

The key to success in this highly-competitive and fast-moving market is to have an Exclusive Buyer Broker on your side! Because we only represent home buyers, and never sellers, we can show you any home on the market – FSBO, new construction, and homes on the Columbus Regional MLS. We present you with the most choice and the best advice, all without bias!

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.

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 High Demand has Columbus Homes Selling Quickly appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Here are some examples why from the Columbus Dispatch, along with advice from our own experience!

Land costs are rising. Five years ago, the average cost for a Central Ohio lot was $65,000. In 2016, the average cost for a lot increased to $83,000. Builders say that restrictive zoning is part of the problem.

Labor costs are rising. The construction industry lost thousands of skilled laborers during the Great Recession, and many of them haven’t returned to the career. Nor are young adults flocking to the trade. Labor wages have increased, but there’s only so high a home can be priced to cover them.

High-end materials are in demand. Builders say that today’s buyers expect high-end touches like granite countertops, hardwood flooring and stainless steel appliances. These add expense.

Other costs of doing business are rising. Fees, permits, utility costs and insurance costs have marched steadily upward.

Consequently, the average price of a new construction home in Central Ohio reached $334,000 in 2016. Meanwhile, new homes accounted for just 7.9% of all Central Ohio home sales during the same year. In the pre-recession boom years, new homes accounted for about 25% of all home sales. It isn’t that new homes aren’t selling these days; builders have been producing fewer homes.

These are just some of the reasons why new home construction won’t be a solution to lean home inventories by itself. And with prices rising, newly-built homes could be out of reach for many first-time buyers.

If you are interested in buying new construction, be sure to contact us first and have the representation of Buyer’s Resource Realty Services! We will negotiate lot selection, price and upgrades on your behalf, and protect you with contingencies that allow for two independent home inspections. And because new homes are not without defect, we ensure your purchase contract covers remedies and repairs.

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.

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 Prices Rise for New Construction Homes in Central Ohio appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Niche.com developed its findings using data from the U.S. Census Bureau, the Federal Bureau of Investigation, the Bureau of Labor Statistics, the Centers for Disease Control and other statistical sources. Here are the rankings, which compare our Central Ohio suburbs to other locales around the country:

Dublin placed highest in Central Ohio at #4, scoring an “A+” for quality of life regarding public schools, parks, diversity, housing and ease of commute. You can learn more about Dublin through our blog post!

Bexley follows at #13, as another “A+” rated suburb, for quality schools, housing, family-friendliness and nightlife. Learn more about Bexley here!

Upper Arlington comes in at #42 as another member of the “A+” club. Upper Arlington homes include many of Central Ohio’s finest luxury properties. Learn more about Upper Arlington here!

Powell placed firmly among “A+” suburbs, ranking at #63. We have a lot of good things to say about Powell ourselves – this small community is big on charm! See our Powell blog post for more!

Again, keep in mind that the scores above are part of national rankings, so a “63” is nothing to sneeze at! But like all statistically-driven summaries, these placements cover broad categories, and omit localized details that could have a bearing on what you find most important in a community.

If you are looking for a Central Ohio home, let us be your guide! We have the local expertise to help you find the communities, neighborhoods and homes that best suit your needs.

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 Central Ohio Cities Recognized for Quality of Life appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs.

For the Entire Columbus MLS, in October, there were 2,574 homes that closed with a median sales price of $169,000.

For the Entire Columbus MLS, in November, there were 2,227 homes that closed with a median sales price of $172,000.

For the Entire Columbus MLS, in December, there were 2,252 homes that closed with a median sales price of $163,000.

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
www.BuyersHome.com

Connect With Me:
Facebook
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Information provided by ColumbusRealtors.com

The post Quarterly Market Statistics – 4th Quarter 2016 appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs.

For the Entire Columbus MLS, in January, there were 1,519 homes that closed with a median sales price of $153,000.

For the Entire Columbus MLS, in February, there were 1,610 homes that closed with a median sales price of $154,700.

For the Entire Columbus MLS, in March, there were 2,362 homes that closed with a median sales price of $164,000.

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

www.BuyersHome.com

Connect With Me:

Facebook

Twitter

Information provided by ColumbusRealtors.com

The post Quarterly Market Statistics – 1st Quarter 2016 appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs.

For the Entire Columbus MLS, in October, there were 2,348 homes that closed with a median sales price of $155,000.

For the Entire Columbus MLS, in November, there were 1,845 homes that closed with a median sales price of $152,888.

For the Entire Columbus MLS, in December, there were 2,158 homes that closed with a median sales price of $156,000.

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
www.BuyersHome.com

Connect With Me:
Facebook
Twitter

Information provided by ColumbusRealtors.com

The post Quarterly Market Statistics – 4th Qtr 2015 appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs.

For the Entire Columbus MLS, in July, there were 3,208 homes that closed with a median sales price of $170,000.

For the Entire Columbus MLS, in August, there were 2,878 homes that closed with a median sales price of $165,500.

For the Entire Columbus MLS, in September, there were 2,573 homes that closed with a median sales price of $161,000.

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

www.BuyersHome.com

Connect With Me:

Facebook

Twitter

Information provided by ColumbusRealtors.com

The post Columbus Ohio Quarterly Market Statistics – 3rd Quarter 2015 appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs.

For the Entire Columbus MLS, in April, there were 2,404 homes that closed with a median sales price of $159,000.

For the Entire Columbus MLS, in May, there were 2,926 homes that closed with a median sales price of $169,900.

For the Entire Columbus MLS, in June, there were 3,148 homes that closed with a median sales price of $172,000.

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

www.BuyersHome.com

Connect With Me:

Facebook

Twitter

Information provided by ColumbusRealtors.com

The post Columbus Ohio Quarterly Market Statistics – 2nd Quarter 2015 appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.