Columbus and Central Ohio Residential Activity Still Very Strong
Although, I’m a Columbus commercial real estate agent, Realtor, I’m still very interested in residential activity in our market as I live here too. The Columbus market continues to be very hot as it has been for a few years now. Demand continues to outpace supply. A hot residential market helps the Columbus and Central Ohio commercial real estate market too and keeps the Columbus Commercial real estate agents, Realtors and brokers happy as a ‘rising tide lifts all boats’ and all of that. The vast Columbus area residential development also brings commercial real estate development, whether it be NNN, net leased, triple net retail, office, warehouse, distribution or multifamily apartments complexes for sale, etc.
According to Columbus Realtors, the numbers are:
Median price $213,600, up 12.4% from April last year. Average price was $242,063, up 7.4% from April Last year.
Homes under $350,000 sold in 26 days on average. Between $350,000 and $500,000 the average was 48 days. $500,000 – $700,000 in 65 days and over $700,000 took 83 days according to the Columbus Realtors MLS.