2022 Final Housing Market Update

Posted on February 1, 2023 by admin

The 2022 final housing market update looks at the overall market performance for the year versus 2021.

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 year. 7 of the 10 metro counties saw declines vs. 2021.

Overall Market Median Sales Price in 2022: $298,748
Based on the 10 Columbus Metro Area counties, the median price increased by $34,139 over 2021.
Overall Market Median Sales Price % Change in 2022 versus 2021: +12.9%

Best in the case of market median price % change is subjective. For buyers, it would be prices that have increased the least or even declined, while for sellers it would be the largest increases.

Total Metro New Listings in 2022: 31,652
Total Metro New Listings Change from 2021 to 2022: -3,508
Thousands of fewer homes going to market helped keep prices rising across the metro despite a significant slowdown in overall sales.

Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in 2022: 20.0
# of Days Homes Remain on the Market Before Sale % Change for the Metro 2021 vs. 2022: +9.3%

This new data shows whether a market was receiving more or less than the original list price for the homes for sale. Those above 100% were markets that typically had buyer competition to the point where they had to pay more than list. Those below 100% were the opposite, where relatively lower demand allowed some buyers to get a home for under list.

And there you have it, the final housing market update for 2022!

Housing Market Update November 2022

Posted on December 19, 2022 by admin

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.

Columbus to be a Rail Hub

Posted on December 8, 2022 by admin

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.

Housing Market Update October 2022

Posted on November 24, 2022 by admin

The Housing Market Update October 2022 data from Columbus Realtors showed a significant slowdown in home sales, but that it didn’t mean homes got cheaper in the process.

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. They dropped significantly in most counties year-over-year as rising interest rates slowed the white-hot market.
But what markets slowed down the most?

Only a handful of markets saw an increase, including Johnstown, which is presumably seeing movement due to the Intel project.

Most places on this list tended to be among the most expensive local markets, but not all.

Most counties continued to see price increases, though some were much more modest than others. Franklin County was in the middle of the pack.

Overall Market Median Sales Price in October 2022: $304,583
Based on the 10 Columbus Metro Area counties, the metro price saw about a $12,000 increase vs September, 2022 and a more than $30,000 increase over October, 2021.
Overall Market Median Sales Price % Change in October, 2022 versus October, 2021: +10.6%

Now let’s take a look at individual neighborhoods and places within the metro area.

There are few surprises on this chart.

Only 3 markets had a median price below $200,000, 2 of which were within I-270.

Most counties saw new listing totals drop year-over-year. This is one of the reasons prices remained higher despite large sales drops.

Total Metro New Listings in October, 2022: 2,401
Total Metro New Listings Change from October, 2021 to October, 2022: -497
Year-over-year, new listings were down yet again.

Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in October, 2022: 24.6
# of Days Homes Remain on the Market Before Sale for the Metro October, 2021 vs. October, 2022: +8.2
Homes across the market sold more than a week more slowly year-over year in October.

Aside from the half-dozen markets that saw declines, most saw fairly significantly increases in the number of days before sale year-over year.

Overall, the October housing market showed strong signs of a slowdown, but so far, this hasn’t prevented further price increases. Demand for homes seems to be continuing to outpace supply, but perhaps not quite to the level it was earlier in the year.

AllColumbusData’s Most Popular Posts and Pages

Posted on November 2, 2022 by admin

Next month, AllColumbusData.com will have its 10-year anniversary. Hard to believe! Here are some stats on just some of what the site now contains:
-338 published posts. 10 additional are already complete and scheduled over the next few months.
-105 specific content pages.
-Well over 2,000 individual and before and after series historic photos.
-143+ years of weather data for both Columbus and its suburbs.
-200+ years of demographic and population data for Columbus and its suburbs.
-Information and photos for hundreds of current and past development projects.
-100+ videos.

What has been the most visited page, the most popular post over the years? Unfortunately, visitor data was lost prior to 2015 for various reasons. However, here have been the top 10 most popular posts and pages since 2015.

Top 10 Posts and the Year Published
1. Before and After How Columbus Changed in 10 Years 2021
This 2-part series was extremely popular last year, and easily became the most visited in the past 7 years.
2. Questions Answered- Columbus Zip Codes 2014
This post was very popular into 2018, but is now defunct. The information on this post ended up becoming bits and parts of other posts and pages.
3. Columbus Retail History- Shopping Centers 2013
One of the oldest posts on the site, it still gets consistent traffic almost a decade later.
4. Columbus Historic Church Demolition 2021
This one detailed plans to demolish an old church on the South Side.
5. Columbus Area Murders by Zip Code 2008-2015 2016
Pretty explanatory. This post provided crude maps of murders by zip code.
6. Columbus’ Greatest Snowstorm 2021
This post gave an account of the March 7-8, 2008 blizzard.
7. Columbus Area Zip Codes and Their Economies 2013
Still a consistent hit after a decade, this post gave details on economic information by local zip code.
8. Winter 2020-2021 Review 2021
Review the 2020-2021 winter with stats and rankings, something that has been done for all winters since 2014.
9. Franklin County Gentrification Trends 1990-2015 2017
This post looked at how income and race changes were driving neighborhood gentrification around Columbus.
10. How We Should Develop Around Intel 2022
The most recent on this list, this post deals with how the area around the Intel project should have a development plan, and detailed a hypothetical map of what that development could look like.

Top 10 Pages
1. Columbus Tornado History
The most popular by far, this page covers historic tornadic events throughout the entire Columbus Metro Area.
2. Olde Towne East Historic Buildings
This has been the most popular of all the Historic Building Database pages to date.
3. Proposed Development
This regularly-updated development page highlights the region’s many proposed projects.
4. Other Residential Historic Buildings
This page was one of the very first to be included in what would eventually become the Historic Building Database. It is defunct now, as its photos were eventually divided into a much greater expansion of featured neighborhoods.
5. Development Under Construction
All the projects currently under construction at any given time.
6. Census Tract Maps
Demographics, population and other data at the census tract level are provided in interactive maps going back to 1930.
7. Winter Storms
This page chronicles significant winter weather events from the past.
8. Columbus Flood History
As above, but dealing with flooding events.
9. Columbus Crime Statistics
Violent and property crime data, maps and demographic data related to Columbus crime are provided going back about 40 years.
10. Completed Development
Buildings and projects that were completed at some point in the past are highlighted on this page going back to the 19th Century.

Any surprises in what has been the most popular? Any posts or pages you’d like to see more of? Let me know here or on the Facebook page if you are enjoying the content or would like to see something different!

All Columbus Data

The Ohio Capital Supersite

Category Archives: Columbus Resources

2022 Final Housing Market Update

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Housing Market Update November 2022

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Columbus to be a Rail Hub

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Housing Market Update October 2022

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