Columbus Development - All Columbus Data

The Housing Market Update November 2022 data from Columbus Realtors showed home sales were down nearly 30% from a year ago, and new listings decreased nearly as much. However, prices remained on their trajectory upwards across the metro area.

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

Closed sales are those sales that were completed during the month. 9 of the 10 metro counties saw declines, with 8 of them being fairly significant.

Few markets were up year-over-year. The worst-performing were mostly among the metro’s most expensive areas, but there were a few standouts otherwise.

No real surprises except that the greatest increases were in the far southeast metro counties, but that could be because of working with a small supply.
Overall Market Median Sales Price in November 2022: $302,867
Based on the 10 Columbus Metro Area counties, the metro price saw a more than $29,000 increase over November, 2021.
Overall Market Median Sales Price % Change in November, 2022 versus November, 2021: +10.1%
Despite the relative collapse in home sales, prices continued to rise by more than 10% year-over-year.

Most counties saw new listing totals drop year-over-year. This may have helped keep prices going up as demand hasn’t evaporated.
Total Metro New Listings in November, 2022: 1,723
Total Metro New Listings Change from November, 2021 to November, 2022: -489

Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in November, 2022: 23.1
# of Days Homes Remain on the Market Before Sale for the Metro November, 2021 vs. November, 2022: +10.5
Homes sold more slowly around the Columbus metro, but only by a few days. The rate of sale is still historically fast.

In the Spring of 2021, I wrote about Amtrak’s proposal to bring passenger rail back to Columbus as part of its ConnectUS plan. That original plan included Columbus in just one route- the long-sought-after Cleveland-Columbus-Dayton-Cincinnati route, otherwise known as the 3-C Corridor. In my article, my view was that this plan was far too limiting for Columbus. That its growth and location suited the city for much better local and regional connections. Now, Amtrak is calling for Columbus to be a rail hub, complete with multiple routes and connections that rival those found in Chicago.

Here is the original map from last year:

And here is the updated version, recently released:

In the new plan, the Cleveland-Columbus-Dayton-Cincinnati route is maintained, but the following routes would be brand new:
Columbus-Chillicothe
Columbus-Athens
Columbus-Toledo-Detroit
Columbus-Pittsburgh
Columbus-Fort Wayne-Chicago
Louisville-Nashville would be an extension of the Columbus-Dayton-Cincinnati route.
So overall, Columbus residents would have direct connections to 12 different cities. Of course, many of those cities would have their own routes, so Columbus residents would have rail access to large parts of the country under the plan.

The timeline for completion is tentatively for 2035. Most of the proposed routes already have existing rail lines, so it would come down to funding any necessary upgrades along with buying the trains, etc. Whether any of these routes are ever actually built and opened remains to be seen, though. Passenger rail, unlike in most of the world, is politically controversial in the US, and public transit remains deeply underfunded and underbuilt in every part of the nation arguably outside of the New York and Northeast Corridor.

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Category Archives: Columbus Development

Housing Market Update November 2022

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Columbus to be a Rail Hub

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