Housing Market Update January 2023




Housing market update January 2023

The Housing Market Update January 2023 data, the first of the new year, from Columbus Realtors showed that home sales and overall supply continued to decline, helping to ensure most areas saw continued increases in median prices.

Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.

Housing Market Update January 2023 county closed sales
Housing market update January 2023 county closed sales % change
Closed sales are those sales that were completed during the month. 7 of the 10 metro counties saw declines in January
Housing market update January 2023 best closed sales
Housing market update January 2023 worst closed sales
Only 9 of more than 40 local markets were up year-over-year.
Housing market update January 2023 county median price
Housing market update January 2023 county median price change
Housing market update January 2023 median price % change
Not sure what was going on in Union County in January, but it was well above all other counties for the month. The market overall continued to be up on price year-over-year, except in Pickaway County.
Overall Market Median Sales Price in January 2023: $307,289
Based on the 10 Columbus Metro Area counties, the metro price saw a more than $39,000 increase over January, 2022.
Overall Market Median Sales Price % Change in January, 2023 vs. January, 2022: +14.6%
Continuing home sale declines had relatively little impact on home prices overall, which saw a strong increase over the year.
Housing market update January 2023 least expensive markets
Housing market update January 2023 most expensive markets
Housing market update January 2023 lowest market price change
Housing market update January 2023 highest market price change
It seems the Intel project’s impact may finally be making an appearance in housing numbers, with the Johnstown district seeing a huge increase in median home prices versus January 2022, 2 months before the project became official. That said, New Albany had one of the areas largest declines, but that could be due to it generally being one of the most expensive markets last year.
Housing market update January 2023 new listings by county
Housing market update January 2023 new listings change
New listings across most of the metro area were down, accounting for most of the median price increase as demand remains strong in the region. Most of the decrease came from Franklin County.
Total Metro New Listings in January, 2023: 1,612
Total Metro New Listings Change from January, 2022 to January, 2023: -316
Housing market update January 2023 most market listings
Housing market update January 2023 fewest market listings
Housing market update January 2023 county days on market
Housing market update January 2023 days on market change
Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in January, 2023: 34.0
# of Days Homes Remain on the Market Before Sale for the Metro January, 2022 to January, 2023: +8.8

Homes continued to sell more slowly than they did a year ago, now more than a week more slowly on average.
Housing market update January 2023 fastest selling markets
Housing market update January 2023 slowest selling markets
Housing market update January 2023 market sale days increase
Housing market update January 2023 market sale days decline



The 2010 President’s Day Snowstorm





The 2010 President’s Day Snowstorm was the third and largest snowstorm to strike Columbus and Ohio during February, 2010. Models began showing the potential for another snow event in the Ohio Valley several days before. Initially, the track was well south, with only counties along the Ohio River being impacted, as this excerpt from the February 12, 2010 Area Forecast Discussion from Wilmington National Weather Service mentions:
MODEL SOLUTIONS CONTINUE TO DIFFER ON SYSTEM COMING IN SUNDAY NIGHT INTO THE BEGINNING OF THE WORK WEEK. THE GEM IS STILL THE FURTHEST SOUTH WITH THE UPCOMING SYSTEM. THE ECMWF HAS TRENDED NORTH WITH THE LATEST RUN AND IS NOW MORE IN LINE WITH THE GFS. THE ECMWF NOW ACTUALLY HAS THE SURFACE LOW SLIGHTLY FURTHER NORTH THAN THE GFS.
WENT WITH A GFS AND ECMWF BLEND. IT WILL BE COLD ENOUGH THAT PRECIPITATION WILL ALL BE IN THE FORM OF SNOW. MONDAY WILL SEE THE GREATEST CHANCE FOR SNOW WITH LOW TRACKING ACROSS KENTUCKY. ACCUMULATING SNOWFALL WILL BE POSSIBLE…ESPECIALLY ALONG AND SOUTH OF THE OHIO RIVER.

As the event grew closer, however, model solutions inched northward. On the afternoon of Saturday, February 13th, Wilmington issued the first Winter Storm Watch for parts of Ohio, but the focus continued to be south of Columbus.
URGENT – WINTER WEATHER MESSAGE
NATIONAL WEATHER SERVICE WILMINGTON OH
222 PM EST SAT FEB 13 2010
…ANOTHER WINTER STORM TO AFFECT THE OHIO VALLEY…
.LOW PRESSURE WILL DEVELOP OVER THE LOWER OHIO VALLEY ON SUNDAY…AND WILL TRACK INTO THE CENTRAL APPALACHIANS BY MONDAY EVENING. AS THE LOW MOVES SOUTH OF THE OHIO RIVER SUNDAY NIGHT AND MONDAY…SNOW WILL OVERSPREAD PARTS OF INDIANA…KENTUCKY AND OHIO. THIS SYSTEM HAS THE POTENTIAL TO PRODUCE SEVERAL INCHES OF SNOW ACROSS PARTS OF THE OHIO VALLEY…ESPECIALLY ACROSS AREAS SOUTH OF THE I-70 CORRIDOR.
FRANKLIN IN-RIPLEY-DEARBORN-OHIO-SWITZERLAND-CARROLL-GALLATIN-BOONE-KENTON-CAMPBELL-OWEN-GRANT-PENDLETON-BRACKEN-ROBERTSON-MASON-LEWIS-FAYETTE OH-PICKAWAY-FAIRFIELD-BUTLER-WARREN-CLINTON-ROSS-HOCKING-HAMILTON-CLERMONT-BROWN-HIGHLAND-ADAMS-PIKE-SCIOTO-
INCLUDING THE CITIES OF…BROOKVILLE…VERSAILLES…LAWRENCEBURG…RISING SUN…VEVAY…CARROLLTON…WARSAW…
BURLINGTON…INDEPENDENCE…ALEXANDRIA…OWENTON…WILLIAMSTOWN…FALMOUTH…BROOKSVILLE…MOUNT OLIVET…MAYSVILLE…VANCEBURG…WASHINGTON COURT HOUSE…CIRCLEVILLE…LANCASTER…HAMILTON…
LEBANON…WILMINGTON…CHILLICOTHE…LOGAN…CINCINNATI…MILFORD…GEORGETOWN…HILLSBORO…WEST UNION…PIKETON…PORTSMOUTH
…WINTER STORM WATCH IN EFFECT FROM SUNDAY EVENING THROUGH LATE MONDAY NIGHT…
THE NATIONAL WEATHER SERVICE IN WILMINGTON HAS ISSUED A WINTER STORM WATCH…WHICH IS IN EFFECT FROM SUNDAY EVENING THROUGH LATE MONDAY NIGHT.
LIGHT SNOW IS EXPECTED TO DEVELOP SUNDAY EVENING…AS A STORM SYSTEM MOVES INTO THE OHIO VALLEY. SNOW WILL INCREASE IN INTENSITY THROUGH EARLY MONDAY…WITH OCCASIONAL SNOW CONTINUING INTO MONDAY EVENING. BY THE TIME SNOW ENDS EARLY TUESDAY…THE POTENTIAL EXISTS FOR TOTAL SNOWFALL ACCUMULATIONS OF 4 TO 6 INCHES…WITH LOCALLY HIGHER AMOUNTS.
THESE FORECAST SNOW AMOUNTS ARE HIGHLY DEPENDENT ON THE EVENTUAL TRACK OF THE UPCOMING STORM SYSTEM. IF THE SYSTEM MOVES FURTHER NORTH OR SOUTH OF THE CURRENT FORECAST TRACK…THEN SNOWFALL AMOUNTS MAY BE LESS.

While Columbus was not included in the initial Watch, its zone forecast did call for accumulating snow by the 13th.
OHZ054>056-140930-
MADISON-FRANKLIN OH-LICKING-
INCLUDING THE CITIES OF…LONDON…COLUMBUS…NEWARK
332 PM EST SAT FEB 13 2010
.TONIGHT…MOSTLY CLOUDY WITH SCATTERED FLURRIES. LOWS 15 TO 20. WEST WINDS 5 TO 10 MPH.
.SUNDAY…PARTLY SUNNY. SCATTERED FLURRIES IN THE MORNING. HIGHS IN THE UPPER 20S. SOUTHWEST WINDS 5 TO 10 MPH.
.SUNDAY NIGHT…MOSTLY CLOUDY. A CHANCE OF SNOW AFTER MIDNIGHT. LOWS 10 TO 15. WEST WINDS 5 TO 10 MPH…BECOMING NORTHWEST AFTER MIDNIGHT. CHANCE OF SNOW 40 PERCENT.
.PRESIDENTS DAY…SNOW. SNOW ACCUMULATION 2 TO 4 INCHES. HIGHS IN THE MID 20S. NORTHEAST WINDS 5 TO 10 MPH…BECOMING NORTHWEST IN THE AFTERNOON. CHANCE OF SNOW 80 PERCENT.
.MONDAY NIGHT…CLOUDY. SNOW LIKELY IN THE EVENING…THEN A CHANCE OF SNOW SHOWERS AFTER MIDNIGHT. ADDITIONAL LIGHT SNOW ACCUMULATION POSSIBLE. LOWS 15 TO 20. WEST WINDS 10 TO 15 MPH WITH GUSTS UP TO 25 MPH. CHANCE OF SNOW 70 PERCENT.
.TUESDAY…CLOUDY WITH A 50 PERCENT CHANCE OF SNOW SHOWERS. HIGHS IN THE MID 20S.
.TUESDAY NIGHT…CLOUDY WITH A 30 PERCENT CHANCE OF SNOW SHOWERS. LOWS AROUND 20.

By the morning of the Valentine’s Day, models had moved far enough north with the low track that the I-70 corridor was in line for much higher totals. At 2:43AM that day, the Winter Storm Watch was expanded into Central Ohio, with predictions of 5″-8″. By late morning, the Watch was upgraded to a Warning, and totals were upped slightly to 6″-9″.
OHZ054>056-150930-
MADISON-FRANKLIN OH-LICKING-
INCLUDING THE CITIES OF…LONDON…COLUMBUS…NEWARK
409 PM EST SUN FEB 14 2010
…WINTER STORM WARNING IN EFFECT FROM 4 AM MONDAY TO 6 AM EST TUESDAY…
.TONIGHT…PARTLY CLOUDY THIS EVENING…THEN MOSTLY CLOUDY WITH A SLIGHT CHANCE OF SNOW AFTER MIDNIGHT. MOSTLY CLOUDY WITH A CHANCE OF SNOW LATE. LOWS 15 TO 20. SOUTHWEST WINDS 5 TO 10 MPH… BECOMING SOUTHEAST AFTER MIDNIGHT. CHANCE OF SNOW 40 PERCENT.
.PRESIDENTS DAY…SNOW. SNOW MAY BE HEAVY AT TIMES IN THE AFTERNOON. SNOW ACCUMULATION OF 4 TO 6 INCHES. HIGHS IN THE UPPER 20S. NORTHEAST WINDS 5 TO 10 MPH…BECOMING NORTH IN THE AFTERNOON. CHANCE OF SNOW 100 PERCENT.
.MONDAY NIGHT…SNOW…MAINLY IN THE EVENING. TOTAL SNOW ACCUMULATION OF 6 TO 9 INCHES. LOWS AROUND 20. WEST WINDS 10 TO 15 MPH WITH GUSTS UP TO 25 MPH. CHANCE OF SNOW 90 PERCENT.
.TUESDAY…CLOUDY. SNOW SHOWERS LIKELY…MAINLY IN THE AFTERNOON. ADDITIONAL LIGHT SNOW ACCUMULATION POSSIBLE. HIGHS IN THE MID 20S. WEST WINDS 15 TO 20 MPH WITH GUSTS UP TO 30 MPH. CHANCE OF SNOW 60 PERCENT.
.TUESDAY NIGHT…CLOUDY WITH A 40 PERCENT CHANCE OF SNOW SHOWERS.LOWS IN THE LOWER 20S. WEST WINDS 10 TO 15 MPH WITH GUSTS UP TO 25 MPH.

Snow began in the area by 8:30AM on the 15th and was heavy through mid-afternoon. The bulk of the snow moved out of the area by Midnight, with only occasional wraparound snow showers continuing into the 16th.

The storm generally exceeded forecast snow totals across the region. Columbus received a record 9.7″ for the 15th, with a total storm total of 10.4″, making it one of the very rare storms to produce double-digit snowfall totals for the city. Since 1950, Columbus has had just 6 such events- the Great Thanksgiving Blizzard of 1950, April 3-4, 1987, February 14-17, 2003, March, 2008, President’s Day 2010 and February 4-5, 2014. Double-digit snowfalls have historically occurred roughly once every 12 years. It has been 9 years since the last one, but there have been decades between some of them.

Snowfall totals across Franklin County were 7″-11″, with the highest totals in the southwest. Most of the I-70 corridor south had at least 6″. Snow depths in Columbus reached record highs, with the airport having a post-storm depth of 14″, the highest February depth since at least 1939.

This was the peak event for the month, but not the end of February, 2010’s historically snowy run. A 4th, but far smaller snow event would occur towards the end of the month, bringing a general 3″-5″ across most areas. This would contribute to making the month the all-time snowiest on record for many areas. Columbus’ 30.1″ of snow for the month was the highest on record, and is the 2nd snowiest of any month to ever occur, falling just behind January, 1978’s 34.4″. Cincinnati, Dayton and other cities would also record either their top snowiest or 2nd snowiest February as well. Additionally, Winter 2009-2010 went into the record books at the 5th snowiest of all time. A truly memorable run!

If you are interested in seeing stats from other winters, records of all types can be found on the Winter Season Records page.