Columbus Has the Nation’s Hottest Real Estate MarketPosted By: herlihywp Comments: 0 Categories: Columbus
Columbus, Ohio has emerged as the nation’s hottest real-estate market this spring, according to Realtor.com. This is the first time Columbus has hit Realtor.com’s No. 1 spot, even though the city has cracked the top 10 list 29 times since May 2016.
The ranking reflects a combination of how fast homes take to sell (days on market) and the number of listing views in each market.
Central Ohio homes sell after an average of 40 days on the market. Homes under $400,000 in desirable locations like the Short North, Old North Columbus, Clintonville, Bexley, Grandview Heights, Upper Arlington, Worthington, Westerville, Powell, Grove City, Gahanna, New Albany and other suburbs often sell within a day or two. In many cases, homes sell above asking price as buyers compete in bidding wars.
According to realtor.com Chief Economist Danielle Hale, a slowdown in big cities has indirectly benefited housing markets in the Midwest.
“Now that home prices are higher across the board, people are looking to those [more wallet-friendly] areas to buy,” she said. “Columbus is super affordable, with a median $249,900 compared to the national listing price of $300,000, which attracts a lot of younger buyers.”
The hot real estate market increases demand for reputable Columbus moving companies over the summer moving season. To secure your preferred moving dates, it’s a good idea to call your preferred central Ohio moving company as soon as you know you are moving. Weekend moves book quickly!