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.
The Housing Market Update September 2022 data from Columbus Realtors continued to support that the local housing shortage is as bad as ever, with low supplies and rising prices.
Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.
The least populated counties saw some of the largest swings either positively or negatively, which is typically the case given that prices can be determined by a much smaller number of home sales.
Overall Market Median Sales Price in September 2022: $316,812 Based on the 10 Columbus Metro Area counties, the metro price saw about a $10,000 increase over August 2022 and a more than $42,000 increase versus September 2021. Overall Market Median Sales Price % Change in September 2022 versus September 2021: +15.4%
Now let’s take a look at individual neighborhoods and places within the metro area.
New Albany and some of the other expected suburbs continued to top the charts, but with prices not quite as high as over the summer.
Just 4 local markets out of more than 50 remained below the $200K market in September. Columbus itself was in it usual spot closer to the *relatively* more affordable bottom.
Total Metro New Listings in September 2022: 2,725 Total Metro New Listings Change from September 2021 to September 2022: -500 Year-over-year, new listings were down significantly across the metro area, but especially in Franklin County.
Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in September 2022: 19.9 # of Days Homes Remain on the Market Before Sale for the Metro September 2021 vs. September 2022: -0.3 Homes across the market sold slightly faster than a year ago, but largely due to significant drops in a few rural counties. Most counties saw small increases.
The vast majority of local markets saw substantial increases in the number of days before sale, which is pretty much the only measurement indicating the seller’s market may finally be showing some signs of weakness.
For the Housing Market Update August 2022, data from Columbus Realtors shows that the overall market saw a decrease in home sales and units on the market versus a year ago, a situation that contributed to the continuation of rising prices. So far, it doesn’t appear there has been any sustained impact yet from increasing interest rates. More data was added to this update than usual, including some county-level information.
Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.
Median Sales Price By Columbus Metro County in August 2022 and Total Change vs. August 2021 1. Delaware: $448,000 +$34,000 2. Union: $420,000 +$83,500 3. Fairfield: $308,950 +$13,950 4. Hocking: $306,000 +$135,550 5. Pickaway: $295,000 +$42,000 6. Franklin: $285,700 +$15,700 7. Licking: $285,500 +$10,600 8. Madison: $272,000 +$9,500 9. Morrow: $230,000 +$50,000 10. Perry: $216,000 -$4,000
Median Sales Price % Change August 2022 vs. August 2021 1. Hocking: +79.5% 2. Morrow: +27.8% 3. Union: +24.8% 4. Pickaway: +16.6% 5. Delaware: +8.2% 6. Franklin: +5.8% 7. Fairfield: +4.7% 8. Licking: +3.9% 9. Madison: +3.6% 10. Perry: -1.8% Licking County saw relatively low growth in its home prices the past year, but that is almost certainly to change in the near future. Franklin County median home prices are still in the bottom half for total and growth.
Overall Market Median Sales Price in August: $306,715 Based on the 10 Columbus Metro Area counties. This price was a bit lower than in July, but almost $40,000 higher than August, 2021.
Top 15 Most Expensive Locations By Median Sales Price in August 2022 1. New Albany: $750,000 2. Grandview Heights: $685,000 3. New Albany Plain LSD: $575,500 4. Bexley: $575,000 5. Powell: $563,000 6. German Village: $554,500 7. Dublin: $552,500 8. Upper Arlington CSD: $540,000 9. Olentangy LSD: $500,000 10. Dublin CSD: $485,000 11. Short North: $465,000 12. Jonathan Alder LSD: $443,900 13. Granville CSD: $426,500 14. Northridge LSD: 417,340 15. Big Walnut LSD: $414,000 Median prices were generally lower in August than July, but still up versus August 2021.
Top 15 Least Expensive Metro Locations by Median Sales Price in August 2022 1. Circleville CSD: $150,000 2. Whitehall: $171,600 3. Valleyview: $184,900 4. Hamilton LSD: $187,500 5. Miami Trace LSD: $203,000 6. Lancaster CSD: $210,000 7. Jefferson LSD: $219,750 8. Newark CSD: $220,000 9. Columbus CSD: $234,900 10. Groveport Madison LSD: $250,000 11. Columbus: $256,000 12. South Western CSD: $273,700 13. Reynoldsburg CSD: $276,450 14. London CSD: $276,750 15. Minerva Park: $284,950
Top 15 Metro Locations with the Highest Median Sales Price % Growth Between August 2021 and August 2022 1. Bexley: +70.4% 2. Newark CSD: +29.4% 3. Obetz: +28.8% 4. London CSD: +25.8% 5. Grove City: +20.7% 6. Valleyview: +19.3% 7. Teays Valley LSD: +19.2% 8. Grandview Heights: +19.1% 9. Marysville CSD: +18.4% 10. Hilliard: +17.9% 11. Beechwold/Clintonville: +17.0% 12. Gahanna: +17.0% 13. Powell: +16.7% 14. New Albany: +16.3% 15. New Albany Plain LSD: +15.8% 16. Blacklick: +15.7%
Top 15 Locations with the Lowest Median Sales Price % Growth Between August 2021 and August 2022 1. Circleville CSD: -20.6% 2. Minerva Park: -9.3% 3. Granville CSD: -6.3% 4. Hamilton LSD: -3.8% 5. Jefferson LSD: -3.2% 6. Lancaster CSD: -2.8% 7. Big Walnut LSD: -0.4% 8. Buckeye Valley LSD: +0.9% 9. Downtown: +1.0% 10. Sunbury: +1.1% 11. Westerville: +2.2% 12. Johnstown-Monroe LSD: +3.2% 13. Columbus: +3.6% 14. Canal Winchester CSD: +4.3% 15. Westerville CSD: +4.5%
Overall Market Median Sales Price % Change August 2022 vs. August 2021:+14.6%
New Listings by Metro County in August 2022 and Change From August 2021 1. Franklin: 1,837 -361 2. Delaware: 314 -46 3. Licking: 255 -56 4. Fairfield: 230 -61 5. Pickaway: 91 +2 6. Union: 90 -19 7. Madison: 44 -4 8. Morrow: 40 -23 9. Hocking: 35 -9 10. Perry: 35 +7
Total Metro New Listings in August 2022: 2,971 Total Metro New Listings Change from August 2021 to August 2022: -570
% Change of New Listings by Metro County August 2021-August 2022 1. Morrow: -36.5% 2. Fairfield: -21.0% 3. Hocking: -20.5% 4. Licking: -18.0% 5. Union: -17.4% 6. Franklin: -16.4% 7. Delaware: -12.8% 8. Madison: -8.3% 9. Pickaway: +2.2% 10. Perry: +25.0%
% Change of Metro New Listings August 2021 to August 2022: -16.1% New listings continued year-over-year declines. Until the supply really starts to grow- or demand falls- prices will continue to rise.
Top 10 Locations with the Most New Listings in August 2022 1. Columbus: 1,224 2. Columbus CSD: 856 3. South Western CSD: 192 4. Olentangy LSD: 155 5. Hilliard CSD: 135 6. Westerville CSD: 122 7. Dublin CSD: 111 8. Pickerington LSD: 87 9. Upper Arlington CSD: 81 10. Grove City: 71
Top 10 Locations with the Fewest New Listings in August 2022 1. Valleyview: 1 2. Minerva Park: 3 3. Lithopolis: 6 4. Obetz: 6 5. Jefferson LSD: 8 6. Granville CSD: 9 7. Sunbury: 11 8. New Albany: 12 9. Grandview Heights: 13 10. Northridge LSD: 14 11. Miami Trace LSD: 14 12. German Village: 16 13. Bexley: 16
Metro Counties by # of Days Homes Remain on the Market Before Sale in August 2022 1. Fairfield: 12 2. Franklin: 13 3. Licking: 13 4. Union: 14 5. Delaware: 16 6. Perry: 16 7. Madison: 18 8. Hocking: 22 9. Pickaway: 26 10. Morrow: 36
Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in August 2022: 18.6 # of Days Homes Remain on the Market Before Sale for the Metro August 2021 vs. August 2022: +7.0 In one of the few signs of a potential slowdown, homes took a week more on average to sell than they did during the same period last year.
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in August 2022 1. Valleyview: 4 2. Blacklick: 6 3. Lithopolis: 6 4. Gahanna: 7 5. Gahanna Jefferson CSD: 8 6. Pickerington: 8 7. Pickerington LSD: 8 8. Granville CSD: 9 9. Newark CSD: 9 10. Powell: 9 11. Reynoldsburg CSD: 9 12. Buckeye Valley LSD: 10 13. Dublin: 10 14. Hilliard: 10 15. Hilliard CSD: 10 16. Marysville CSD: 10 17. Westerville CSD: 10 18. Canal Winchester CSD: 11 19. German Village: 11 20. Johnstown-Monroe LSD: 11 21. Northridge LSD: 11 22. Sunbury: 11 23. Westerville: 11 24. Worthington CSD: 11 25. Circleville CSD: 12 26. Delaware CSD: 12 27. Grandview Heights: 12 28. Groveport Madison LSD: 12 29. Worthington: 12 30. Columbus: 13 31. Dublin CSD: 13 32. South Western CSD: 13 33. Hamilton LSD: 14 34. Lancaster CSD: 14 35. Whitehall: 14
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in August 2022 1. Downtown: 47 2. Obetz: 33 3. Teays Valley LSD: 32 4. Miami Trace LSD: 28 5. Short North: 26 6. Minerva Park: 22 7. Pataskala: 22 8. Big Walnut LSD: 20 9. New Albany: 20 10. New Albany Plain LSD: 19 11. Upper Arlington CSD: 18 12. Olentangy LSD: 17
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale August 2022 vs. August 2021 1. Valleyview: -69.2% 2. Powell: -52.6% 3. Sunbury: -50.0% 4. Grandview Heights: -45.5% 5. German Village: -35.3% 6. Downtown: -29.9% 7. Gahanna Jefferson CSD: -27.3% 8. New Albany: -25.9% 9. Bexley: -20.0% 10. Short North: -7.1%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale August 2022 vs. August 2021 1. Teays Valley LSD: +300.0% 2. Miami Trace LSD: +211.1% 3. Delaware CSD: +200.0% 4. Groveport Madison LSD: +200.0% 5. Whitehall: +180.0% 6. Minerva Park: +175.0% 7. Pataskala: +175.0% 8. Northridge LSD: +120.0% 9. Obetz: +120.0% 10. Lithopolis: +100.0% 11. Pickerington: +80.0% 12. London CSD: +77.8% 13. Circleville CSD: +71.4%
For the Housing Market Update July 2022, it seems that whatever minor signs of a market slowdown all but disappeared in July, with strong price increases and shrinking supply almost across the board. All data comes from Columbus Realtors.
Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.
Top 15 Most Expensive Locations By Median Sales Price in July 2022 1. New Albany: $1,001,000 2. New Albany Plain LSD: $836,500 3. German Village: $590,000 4. Powell: $582,500 5. Dublin: $557,000 6. Grandview Heights: $544,500 7. Bexley: $520,000 8. Worthington: $512,000 9. Dublin CSD: $510,000 10. Olentangy LSD: $500,000 11. Big Walnut LSD: $499,990 12. Upper Arlington CSD: $494,950 13. Granville LSD: $471,000 14. Buckeye Valley LSD: $460,000 15. Pickerington: $455,900 New Albany finally blew past the 1 million mark in July, almost 2x the next set of most expensive markets.
Top 15 Least Expensive Locations by Median Sales Price in July 2022 1. Valleyview: $163,000 2. Hamilton LSD: $184,500 3. Newark CSD: $200,000 4. Circleville CSD: $205,000 5. Lancaster CSD: $219,000 6. Miami Trace LSD: $234,900 7. Groveport Madison LSD: $240,000 8. Columbus CSD: $246,000 9. Jefferson LSD: $253,500 10. South Western CSD: $260,500 11. London CSD: $264,000 12. Columbus: $275,000 13. Grove City: $288,000 14. Reynoldsburg CSD: $297,500 15. Northridge LSD: $300,000 Only 2 metro markets remain below $200,000.
Overall Market Median Sales Price in July: $317,880 Based on the 10 Columbus Metro Area counties. This price was slightly lower than in May.
Top 15 Locations with the Highest Median Sales Price % Growth Between July 2021 and July 2022 1. Miami Trace LSD: +60.9% 2. Obetz: +36.8% 3. New Albany: +31.3% 4. Newark CSD: +31.1% 5. Pickerington: +29.0% 6. Teays Valley LSD: +26.4% 7. New Albany Plain LSD: +25.8% 8. Powell: +25.3% 9. Delaware CSD: +23.9% 10. German Village: +23.8% 11. Circleville CSD: +23.1% 12. Worthington: +22.8% 13. Westerville: +21.9% 14. Jefferson LSD: +21.9% 15. Marysville CSD: +20.2% 16. Canal Winchester CSD: +19.1%
Top 15 Locations with the Lowest Median Sales Price % Growth Between July 2021 and July 2022 1. Bexley: -15.4% 2. Short North: -13.0% 3. Northridge LSD: -9.5% 4. Hamilton LSD: -5.8% 5. Valleyview: -5.8% 6. Grove City: -2.3% 7. Sunbury: -0.6% 8. London CSD: +0.3% 9. Upper Arlington CSD: +0.5% 10. Buckeye Valley LSD: +2.2% 11. Columbus CSD: +4.75 12. Dublin: +5.1% 13. Downtown: +5.2% 14. Jonathan Alder LSD: +6.1% 15. South Western CSD: +6.3% 16. Beechwold/Clintonville: +6.5% Downtown finally broke a string of negative months.
Overall Market Median Sales Price % Change July 2022 vs. July 2021:+13.1% Based on 53 metro market locations.
Top 10 Locations with the Most New Listings in July 2022 1. Columbus: 1,278 2. Columbus CSD: 854 3. Olentangy LSD: 204 4. South Western CSD: 181 5. Dublin CSD: 159 6. Westerville CSD: 158 7. Hilliard CSD: 155 8. Pickerington LSD: 109 9. Gahanna Jefferson CSD: 100 10. Newark CSD: 79
Top 10 Locations with the Fewest New Listings in July 2022 1. Valleyview: 0 2. Jefferson LSD: 3 3. Minerva Park: 6 4. Lithopolis: 6 5. Obetz: 6 6. Grandview Heights: 7 7. Northridge LSD: 9 8. Granville LSD: 9 9. Miami Trace LSD: 10 10. New Albany: 10 11. Jonathan Alder LSD: 13 12. Sunbury: 14 13. Germany Village: 15 14. Hamilton LSD: 16 15. Whitehall: 16
Total New Listings in the Columbus Metro in July 2022:+3,239 Overall Metro New Listings % Change July 2022 vs July 2021:-20.3% New listings fell strongly in July versus a year prior as the familiar story of demand far outpacing supply continued in the metro area.
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in July 2022 1. Lithopolis: 3 2. Minerva Park: 4 3. Circleville CSD: 5 4. Gahanna: 6 5. Obetz: 6 6. Sunbury: 6 7. Canal Winchester CSD: 7 8. Hilliard: 7 9. Jonathan Alder LSD: 7 10. Pickerington: 7 11. Big Walnut LSD: 8 12. Dublin: 8 13. Hamilton LSD: 8 14. Hilliard CSD: 8 15. Newark CSD: 8 16. Northridge LSD: 8 17. Reynoldsburg CSD: 8 18. Upper Arlington CSD: 8 19. Valleyview: 8 20. Whitehall: 8 21. Worthington CSD: 8 22. Granville LSD: 9 23. Jefferson LSD: 9 24. Pickerington LSD: 9 25. New Albany LSD: 9 26. Powell: 9 27. Delaware CSD: 10 28. Lancaster CSD: 10 29. South Western CSD: 10 30. Westerville CSD: 10 31. Worthington: 10 32. Blacklick: 11 33. Columbus: 11 34. Dublin CSD: 11 35. Gahanna Jefferson CSD: 11 36. London CSD: 11 37. New Albany: 11 38. Beechwold/Clintonville: 12 39. Groveport Madison LSD: 12 Most local markets continue to have very low selling spread between them.
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in July 2022 1. Short North: 48 2. German Village: 39 3. Downtown: 37 4. Teays Valley LSD: 35 5. Miami Trace LSD: 30 6. Grandview Heights: 19 7. Grove City: 16 8. Johnstown Monroe LSD: 16 9. Marysville CSD: 15 10. Pataskala: 15 11. Buckeye Valley LSD: 14 12. Columbus CSD: 14 13. Olentangy LSD: 14 14. Bexley: 13 15. Westerville: 13
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale July 2022 vs. July 2021 1. Big Walnut LSD: -63.6% 2. New Albany LSD: -57.1% 3. Buckeye Valley LSD: -53.3% 4. Dublin: -46.7% 5. New Albany: -45.0% 6. Minerva Park: -42.9% 7. Northridge LSD: -42.9% 8. Granville LSD: -40.0% 9. Circleville CSD: -37.5% 10. Hamilton LSD: -33.3% 11. Pickerington: -30.0%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale July 2022 vs. July 2021 1. Teays Valley LSD: +600.0% 2. Johnstown Monroe LSD: +433.3% 3. German Village: +387.5% 4. Short North: +269.2% 5. Obetz: +200.0% 6. Valleyview: +166.7% 7. Gahanna Jefferson CSD: +120.0% 8. Grove City: +100.0% 9. Reynoldsburg CSD: +100.0% 10. Westerville: +85.7% 11. Blacklick: +83.3%
Total # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 16.2 Overall Metro Days on Market % Change July 2022 vs July 2021: +45.9% Homes spent much longer on the market across the metro than they did the year before, but the pace was still relatively fast.
In this latest edition of the Housing Market Update June 2022, data shows that home prices and sales remain strong, but perhaps not quite as strong as in May or other previous months. All data comes from Columbus Realtors.
Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.
Top 15 Most Expensive Locations By Median Sales Price in June 2022 1. New Albany: $912,500 2. New Albany Plain LSD: $795,000 3. Upper Arlington CSD: $650,000 4. Powell: $601,000 5. Dublin: $570,000 6. Olentangy LSD: $531,000 7. Granville LSD: $527,000 8. Grandview Heights: $525,000 9. Bexley: $498,425 10. Buckeye Valley LSD: $478,980 11. Hilliard: $465,500 12. Short North: $459,000 13. Dublin CSD: $455,000 14. Worthington: $$455,000 15. Big Walnut LSD: $432,500 16. German Village: $430,000 Whether due to the Intel project or other factors, New Albany’s median sales price continued its path toward a million dollars.
Top 15 Least Expensive Locations by Median Sales Price in June 2022 1. Newark CSD: $168,000 2. Whitehall: $178,500 3. Miami Trace LSD: $184,316 4. Lancaster CSD: $203,500 5. Circleville CSD: $230,000 6. Hamilton LSD: $231,500 7. Groveport Madison LSD: $249,450 8. Columbus CSD: $252,500 9. Jefferson LSD: $267,550 10. Minerva Park: $272,500 11. Columbus: $275,000 12. Reynoldsburg CSD: $280,000 13. South Western CSD: $280,000 14. London CSD: $290,000 15. Delaware CSD: $320,000 16. Downtown: $324,450 The least expensive local markets aren’t so cheap anymore, with only a handful still under the $200,000 level. Columbus remains *relatively* affordable in comparison to most areas.
Overall Market Median Sales Price in June: $300,627 Based on the 10 Columbus Metro Area counties. This price was slightly lower than in May.
Top 15 Locations with the Highest Median Sales Price % Growth Between June 2021 and June 2022 1. Obetz: +68.2% 2. New Albany Plain LSD: +59.0% 3. Circleville CSD: +45.1% 4. Granville LSD: +36.5% 5. Upper Arlington CSD: +36.0% 6. Hilliard: +31.1% 7. Johnstown-Monroe LSD: $28.0% 8. Delaware CSD: +27.0% 9. New Albany: +26.7% 10. Hamilton LSD: +26.5% 11. Teays Valley LSD: +25.9% 12. Groveport Madison LSD: +24.7% 13. Pickerington: +23.4% 14. Pataskala: +23.0% 15. Lithopolis: +19.3% New Albany is clearly moving up the list of growers, as are other areas near the INtel site.
Top 15 Locations with the Lowest Median Sales Price % Growth Between June 2021 and June 2022 1. Minerva Park: -27.8% 2. Downtown: -27.1% 3. Bexley: -20.3% 4. Valleyview: -18.5% 5. Miami Trace LSD: -11.4% 6. Big Walnut LSD: -8.5% 7. German Village: -7.4% 8. Worthington CSD: -1.4% 9. Westerville: +0.0% 10. Dublin CSD: +2.2% 11. Westerville CSD: +2.7% 12. Worthington: +3.4% 13. Gahanna Jefferson CSD: +3.7% 14. Jonathan Alder LSD: +4.4% 15. Northridge LSD: +5.8%
Overall Market Median Sales Price % Change June 2022 vs. June 2021:+13.4% Based on 53 metro market locations.
Top 10 Locations with the Most New Listings in June 2022 1. Columbus: 1,459 2. Columbus CSD: 971 3. South Western CSD: 244 4. Olentangy LSD: 238 5. Westerville CSD: 183 6. Hilliard CSD: 173 7. Dublin CSD: 156 8. Worthington CSD: 115 9. Pickerington LSD: 112 10. Grove City: 102
Top 10 Locations with the Fewest New Listings in June 2022 1. Valleyview: 3 2. Minerva Park: 5 3. Lithopolis: 8 4. Obetz: 8 5. Jefferson LSD: 10 6. Grandview Heights: 10 7. Northridge LSD: 12 8. Granville LSD: 12 9. Hamilton LSD: 14 10. Sunbury: 15 11. Bexley: 16 12. Miami Trace LSD: 17 13. Johnstown Monroe LSD: 19
Total New Listings in the Columbus Metro in June 2022:+3,705 Overall Metro New Listings % Change June 2022 vs June 2021:-3.8% New listings fell for the 2nd consecutive month despite summer usually being the time when more people put their homes on the market.
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in June 2022 1. Minerva Park: 3 2. Gahanna: 5 3. Powell: 5 4. Valleyview: 5 5. Worthington CSD: 5 6. Hilliard CSD: 6 7. Johnstown Monroe LSD: 6 8. Newark CSD: 6 9. Upper Arlington CSD: 6 10. Worthington: 6 11. Beechwold/Clintonville: 7 12. German Village: 7 13. Hilliard: 7 14. Lancaster CSD: 7 15. Marysville CSD: 7 16. Westerville: 7 17. Westerville CSD: 7 18. Delaware CSD: 8 19. Grove City: 8 20. Groveport Madison LSD: 8 21. Jefferson LSD: 8 22. Jonathan Alder LSD: 8 23. New Albany Plain: LSD: 8 24. Pickerington LSD: 8 25. Reynoldsburg CSD: 8 26. Blacklick: 9 27. Columbus: 9 28. Gahanna Jefferson CSD: 9 29. Lithopolis: 9 30. Olentangy LSD: 9 31. Pickerington: 9 32. Whitehall: 9 33. Canal Winchester CSD: 10 34. Grandview Heights: 10 35. New Albany: 10 36. South Western CSD: 10 37. Columbus CSD: 11 38. Dublin CSD: 11 39. Granville LSD: 11 40. London CSD: 11 41. Bexley: 13 42. Dublin: 13 43. Big Walnut LSD: 15 44. Short North: 15
The “Top 10” became the Top 44 just given that most of the local markets are selling so similarly quickly. There is relatively little spread between the fastest and slowest-selling markets.
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in June 2022 1. Northridge LSD: 51 2. Downtown: 43 3. Teays Valley LSD: 30 4. Buckeye Valley LSD: 26 5. Circleville CSD: 25 6. Miami Trace LSD: 24 7. Sunbury: 23 8. Obetz: 22 9. Pataskala: 21 10. Hamilton LSD: 17
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale June 2022 vs. June 2021 1. German Village: -74.1% 2. Bexley: -69.0% 3. Grandview Heights: -58.3% 4. Upper Arlington CSD: -53.8% 5. Lancaster CSD: -50.0% 6. Grove City: -42.9% 7. Beechwold/Clintonville: -41.7% 8. New Albany: -37.5% 9. New Albany Plain LSD: -33.3% 10. Newark CSD: -33.3% 11. Worthington: -33.3% 12. Granville LSD: -31.3%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale June 2022 vs. June 2021 1. Northridge LSD: +325.0% 2. Circleville CSD: +212.5% 3. Miami Trace LSD: +200.0% 4. Sunbury: +155.6% 5. Teays Valley LSD: +150.0% 6. Pickerington: +125.0% 7. Hamilton LSD: +112.5% 8. Pataskala: +110.0% 9. Canal Winchester CSD: +100.0% 10. Lithopolis: +80.0%
Total # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 14.7 Overall Metro Days on Market % Change June 2022 vs June 2021: +4.3% Homes spent slightly longer on the market in June vs. a year ago, again signaling that perhaps a slowdown is in the very early stages.
