May home sales set a record for the month.
Through May, total sales are also way up, and were the 2nd highest for the 2000-2013 period.
The average May home sales price was the highest since 2006.
The average January-May sales price was also up.
To me, all this shows is that after the Recession’s downturn, housing in the Columbus area is seeing a strong recovery. In some cases, the recovery is already surpassing the market that existed pre-Recession.
The new Columbus Housing Market Update is now available for February 2013!
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 February 2013
1. New Albany: $459,000
2. Powell: $300,000
3. Olentangy LSD: $290,000
4. Dublin: $278,000
5. New Albany Plain LSD: $273,000
6. Upper Arlington CSD: $230,000
7. Downtown: $230,000
8. Bexley: $229,900
9. Dublin CSD: $226,500
10. German Village: $218,750
11. Granville CSD: $210,000
12. Buckeye Valley LSD: $209,155
13. Johnstown Monroe LSD: $201,250
14. Gahanna Jefferson CSD: $200,000
15. Gahanna: $200,000
Top 15 Least Expensive Locations by Median Sales Price in February 2013
1. Whitehall: $30,500
2. Jefferson LSD: $56,000
3. Hamilton LSD: $58,000
4. Valleyview: $58,000
5. Newark CSD: $64,000
6. Columbus CSD: $76,500
7. Groveport Madison LSD: $77,778
8. South-Western CSD: $83,000
9. Circleville CSD: $83,900
10. Sunbury: $89,000
11. Reynoldsburg CSD: $96,000
12. Columbus: $97,500
13. Pataskala: $98,950
14. London CSD: $106,500
15. Lancaster CSD: $106,700
Whitehall continued to be the cheapest market for the second month in a row.
Overall Market Median Sales Price in February 2013: $122,143
Top 15 Locations with the Highest Median Sales Price % Growth Between February 2012 and February 2013
1. Jefferson LSD: +64.7%
2. Buckeye Valley LSD: +54.9%
3. Johnstown Monroe LSD: +53.3%
4. Obetz: +43.9%
5. Canal Winchester CSD: +40.1%
6. Gahanna: +37.3%
7. Gahanna Jefferson CSD: +17.0%
8. Dublin CSD: +15.0%
9. Downtown: +15.0%
10. Westerville: +12.2%
11. German Village: +12.2%
12. Groveport Madison LSD: +11.1%
13. Columbus CSD: +10.9%
14. Olentangy LSD: +10.3%
15. London CSD: +8.7%
Far-flung exurban districts seemed to see the largest increases this month.
Top 15 Locations with the Lowest Median Sales Price % Growth Between February 2012 and February 2013
1. Sunbury: -55.0%
2. Big Walnut LSD: -37.1%
3. Hilliard: -29.2%
4. Hamilton LSD: -27.3%
5. Grandview Heights: -26.0%
6. New Albany Plain LSD: -26.0%
7. Circleville CSD: -24.8%
8. Bexley: -22.8%
9. Upper Arlington CSD: -20.0%
10. Pataskala: -19.2%
11. Granville CSD: -17.6%
12. Grove City: -13.1%
13. Whitehall: -12.3%
14. Delaware CSD: -10.1%
15. Hilliard CSD: -9.8%
Overall Market Median Sales Price % Change February 2012 vs. February 2013: -1.5%
Top 10 Locations with the Most New Listings in February 2013
1. Columbus: 1,083
2. Columbus CSD: 677
3. South-Western CSD: 240
4. Olentangy LSD: 177
5. Hilliard CSD: 147
6. Dublin CSD: 134
7. Westerville CSD: 114
8. Grove City: 89
9. Worthington CSD: 88
10. Dublin: 84
Top 10 Locations with the Fewest New Listings in February 2013
1. Valleyview: 0
2. Obetz: 1
3. Lithopolis: 3
4. Minerva Park: 5
5. Grandview Heights: 5
6. Sunbury: 6
7. Johnstown Monroe LSD: 6
8. Jefferson LSD: 8
9. Jonathan Alder LSD: 12
10. Hamilton LSD: 13
11. Whitehall: 14
Total New Listings in the Columbus Metro in February 2013: 2,694
Overall Metro New Listings % Change February 2012-February 2013: +17.9%
Supply improved over a year earlier.
For more information on the local market, go here: Columbus Realtors