In a first of its kind, this is the Columbus housing market update for December 2012. In it, the local housing market will be detailed by categories such as most expensive market, market listing rankings and more.

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 December 2012
1. New Albany: $535,000
2. New Albany Plain LSD: $397,450
3. German Village: $376,000
4. Grandview Heights: $362,500
5. Powell: $354,950
6. Dublin: $343,600
7. Granville CSD: $330,000
8. Bexley: $325,000
9. Upper Arlington CSD: $319,500
10. Olentangy LSD: $315,000
11. Big Walnut LSD: $306,250
12. Dublin CSD: $271,500
13. Worthington: $$270,000
14. Buckeye Valley LSD: $259,000
15. Sunbury: $253,000

New Albany was by far the most expensive local market around Columbus.

Top 15 Least Expensive Locations by Median Sales Price in December 2012
1. Obetz: $80,100
2. Hamilton LSD: $80,100
3. Whitehall: $85,950
4. Newark CSD: $86,900
5. Lancaster CSD: $103,000
6. Jefferson LSD: $123,000
7. London CSD: $124,000
8. Groveport Madison LSD: $125,900
9. Reynoldsburg CSD: $125,950
10. Columbus CSD: $129,900
11. South-Western CSD: $131,000
12. Columbus: $140,026
13. Jonathan Alder LSD: $150,000
14. Minerva Park: $159,500
15. Grove City: $160,950

Southern and eastern suburbs tend to perform best on this list, as well as Columbus itself.

Overall Market Median Sales Price in December 2012: $158,645

Top 15 Locations with the Highest Median Sales Price % Growth Between December 2011 and December 2012
1. Whitehall: +69.5%
2. Circleville CSD: +64.9%
3. Sunbury: +63.0%
4. Jefferson LSD: +53.5%
5. Big Walnut LSD: +44.1%
6. Canal Winchester CSD: +40.9%
7. Westerville: +29.8%
8. Westerville CSD: +27.3%
9. Powell: +25.4%
10. Pataskala: +24.0%
11. Olentangy LSD: +23.5%
12. Gahanna Jefferson CSD: +21.8%
13. Grandview Heights: +21.2%
14. Granville CSD: +20.0%
15. Pickerington: +17.7%

Top 15 Locations with the Lowest Median Sales Price % Growth Between December 2011 and December 2012
1. London CSD: -53.5%
2. Obetz: -38.3%
3. Hamilton LSD: -27.1%
4. Jonathan Alder LSD: -25.2%
5. Buckeye Valley LSD: -23.0%
6. Reynoldsburg CSD: -18.7%
7. Hilliard: -17.7%
8. Lancaster CSD: -17.6%
9. Grove City: -15.3%
10. Dublin CSD: -12.8%
11. Johnstown Monroe LSD: -10.8%
12. Upper Arlington CSD: -8.5%
13. Newark CSD: -8.1%
14. Dublin: -7.1%
15. South-Western CSD: -6.4%

Overall Market Median Sales Price % Change December 2011 vs. December 2012: -0.3%

Top 10 Locations with the Most New Listings in December 2012
1. Columbus: 829
2. Columbus CSD: 544
3. South-Western CSD: 136
4. Olentangy LSD: 122
5. Westerville CSD: 100
6. Hilliard CSD: 94
7. Dublin CSD: 89
8. Worthington CSD: 66
9. Dublin: 64
10. Pickerington LSD: 60

Top 10 Locations with the Fewest New Listings in December 2012
1. Valleyview: 0
2. Lithopolis: 1
3. Sunbury: 2
4. Minerva Park: 2
5. Obetz: 3
6. Johnstown Monroe LSD: 5
7. Jefferson LSD: 8
8. German Village: 8
9. Hamilton LSD: 8
10. Whitehall: 11
11. Granville CSD: 12

Total New Listings in the Columbus Metro in December 2012: 2,002
Overall Metro New Listings % Change December 2011-December 2012: +10.5%

Overall, prices are slightly down as supply is currently outstripping demand.

For more information on the local market, go here: Columbus Realtors