Wednesday, September 24, 2008

Columbus Housing Facts

Check out for good news about the Columbus housing market. Here are a few of my favorites:
  • The first half of 2008 has seen steadily increasing home sales, according to the Columbus Board of Realtors, with 8.6% more homes sold in June than in May. This continues the pattern of increasing home sales each month of 2008 over the previous month.
  • The average sale price of homes in central Ohio increased from May to June by more than 7% with an average of $180,399.
  • The central Ohio housing market continued to stabilize in June as the area saw its lowest "month's supply" level since summer 2007. The fact that central Ohio's month's supply continues to decrease shows that the market is becoming more balanced. Buyers still have a tremendous selection, but a lower month's supply also means good news for sellers.
  • Columbus was recently named one of the 66 markets in the country where it makes more sense to buy a home than to rent, according to an article on
  • Columbus is the most affordable market for homebuyers in the US among the 46 metropolitan areas studied, reported The Columbus Dispatch in a story on May 29. This information is based on a study by Moody's that looked at home prices versus rental fees. "Owning a home a pretty good deal in Columbus," the Dispatch headline read.

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