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.
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%
In this latest edition of the Housing Market Update May 2022, we see that home prices continue to reach record levels in the metro area, and houses are selling faster than ever. With rising mortgage interest rates, will the region eventually see a slowdown?
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 May 2022 1. New Albany: $789,900 2. New Albany Plain LSD: $650,000 3. Big Walnut LSD: $572,127 4. Powell: $565,000 5. Upper Arlington CSD: $558,000 6. Dublin: $555,000 7. Grandview Heights: $545,000 8. Granville CSD: $530,000 9. Dublin CSD: $515,000 10. Olentangy LSD: $505,000 11. Buckeye Valley LSD: $495,000 12. Worthington: $481,000 13. German Village: $475,000 14. Bexley: $470,000 15. Pickerington: $444,000 16. Canal Winchester CSD: $430,000 Several suburbs now have median prices at or above half a million dollars, with several others not too far behind.
Top 15 Least Expensive Locations by Median Sales Price in May 2022 1. Lancaster CSD: $175,000 2. Miami Trace LSD: $180,000 3. Newark CSD: $184,000 4. Circleville CSD: $187,500 5. Whitehall CSD: $205,000 6. Jefferson LSD: $220,000 7. London CSD: $227,450 8. Groveport Madison LSD: $243,000 9. Hamilton LSD: $256,700 10. Obetz: $256,700 11. Columbus CSD: $257,500 12. Columbus: $277,750 13. Reynoldsburg CSD: $280,500 14. Minerva Park: $291,500 15. South Western CSD: $295,450 On the opposite side of things, even some of the cheapest markets are approaching the $300K mark. Columbus itself remains *relatively* affordable in comparison to the market overall.
Overall Market Median Sales Price in May: $303,460 Based on the 10 Columbus Metro Area counties.
Top 15 Locations with the Highest Median Sales Price % Growth Between May 2021 and May 2022 1. Canal Winchester CSD: +65.4% 2. Big Walnut LSD: +50.4% 3. Whitehall: +48.6% 4. Northridge LSD: +42.6% 5. Groveport Madison LSD: +39.0% 6. Grandview Heights: +38.3% 7. Granville CSD: +31.7% 8. Gahanna: +27.6% 9. Teays Valley LSD: +26.4% 10. Pataskala: +26.3% 11. Pickerington: +25.1% 12. Downtown: +24.3% 13. Johnstown-Monroe LSD: +23.5% 14. Powell: +22.8% 15. Sunbury: +22.5%
Top 15 Locations with the Lowest Median Sales Price % Growth Between May 2021 and May 2022 1. German Village: -24.6% 2. Miami Trace LSD: -19.3% 3. Obetz: -14.0% 4. Bexley: -5.5% 5. Delaware CSD: -4.7% 6. New Albany: -2.5% 7. Minerva Park: -2.2% 8. Lancaster CSD: -0.6% 9. Newark CSD: -0.1% 10. Jonathan Alder LSD: 0.0% 11. Short North: 0.5% 12. London CSD: +1.1% 13. Westerville: +2.4% 14. Circleville CSD: +3.0% 15. Beechwold/Clintonville: +3.5% So far, the “Intel Effect” has yet to kick in in places like Newark and some Northeast Side communities. Only Johnstown is seeing a significant price increase. This may have to do with some of these places already being overvalued, especially New Albany.
Overall Market Median Sales Price % Change May 2022 vs. May 2021:+14.5% Based on 53 metro market locations.
Top 10 Locations with the Most New Listings in May 2022 1. Columbus: 1,337 2. Columbus CSD: 898 3. Olentangy LSD: 214 4. South Western CSD: 210 5. Hilliard CSD: 162 6. Dublin CSD: 146 7. Westerville CSD: 139 8. Worthington CSD: 94 9. Dublin: 90 10. Lancaster CSD: 88
Top 10 Locations with the Fewest New Listings in May 2022 1. Valleyview: 0 2. Lithopolis: 2 3. Minerva Park: 5 4. Obetz: 6 5. Jefferson LSD: 12 6. Northridge LSD: 14 7. Johnstown-Monroe LSD: 15 8. Miami Trace LSD: 18 9. Sunbury: 20 10. Granville CSD: 20 11. German Village: 21
Total New Listings in the Columbus Metro in May 2022:+3,362 Overall Metro New Listings % Change May 2022 vs May 2021:-3.1% New listings fell in May year-over-year even though the late spring is often a time when more homes go onto the market. Franklin County had one of the largest declines in inventory, dropping about 6.9%.
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2022 1. Grandview Heights: 3 2. Canal Winchester CSD: 4 3. Hilliard: 4 4. Miami Trace LSD: 4 5. Minerva Park: 4 6. Westerville: 4 7. Westerville CSD: 4 8. German Village: 5 9. Hilliard CSD: 5 10. Marsyville CSD: 5 11. Powell: 5 12. Reynoldsburg CSD: 5 13. Sunbury: 5 14. Worthington: 5 15. Worthington CSD: 5 16. Bexley: 6 17. Dublin: 6 18. Groveport Madison LSD: 6 19. Jefferson LSD: 6 20. Pickerington: 6 21. Hamilton LSD: 7 22. Lancaster CSD: 7 23. Newark CSD: 7 24. Pickerington LSD: 7 25. Upper Arlington CSD: 7 26. Whitehall: 7 27. Beechwold/Clintonville: 8 28. Gahanna: 8 29. Delaware CSD: 9 30. South Western CSD: 9 31. Blacklick: 10 32. Columbus: 10 33. Johnstown-Monroe LSD: 10 34. Gahanna Jefferson LSD: 12 35. Dublin CSD: 13 36. Grove City: 13
The “Top 10” became the Top 36 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, with some obvious exceptions.
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2022 1. Northridge LSD: 84 2. Downtown: 75 3. New Albany: 29 4. Buckeye Valley LSD: 28 5. Granville CSD: 27 6. Teays Valley LSD: 27 7. London CSD: 26 8. Short North: 25 9. Jonathan Alder LSD: 22 10. Big Walnut LSD: 20 11. New Albany LSD: 19 12. Obetz: 19 13. Pataskala: 19
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale May 2022 vs. May 2021 1. Bexley: -76.0% 2. Jefferson LSD: -73.9% 3. Lancaster CSD: -72.0% 4. Dublin: -68.4% 5. Johnstown-Monroe LSD: -64.3% 6. Grandview Heights: -62.5% 7. Reynoldsburg CSD: -58.3% 8. Short North: -51.0% 9. Hamilton LSD: -50.0% 10. Hilliard: -50.0% 11. Westerville: -50.0% 12. Hilliard CSD: -44.4%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale May 2022 vs. May 2021 1. Northridge LSD: +1,300.0% 2. Jonathan Alder LSD: +633.3% 3. Valleyview: +400.0% 4. London CSD: +188.9% 5. New Albany: +141.7% 6. New Albany LSD: +111.1% 7. Downtown: +92.3% 8. Granville CSD: +80.0% 9. Circleville CSD: +77.8% 10. Teays Valley LSD: +68.8%
% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 15.6 Overall Metro Days on Market % Change May 2022 vs May 2021: -1.3%
Columbus Realtors offers monthly housing reports and other data back several years.
The monthly housing market update April 2021 has been released from Columbus Realtors. The results continue ongoing trends of rising prices and low supply.
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 April 2021 1. New Albany: $677,500 2. German Village: $570,000 3. Bexley: $527,500 4. Dublin: $514,000 5. Powell: $500,000 6. Grandview Heights: $486,000 7. New Albany Plain LSD: $469,393 8. Upper Arlington CSD: $465,008 9. Olentangy LSD: $446,575 10. Dublin CSD: $437,000 11. Buckeye Valley LSD: $425,000 12. Jonathan Alder LSD: $422,000 13. Granville CSD: $410,000 14. Worthington: $409,250 15. Short North: $405,500
New Albany continued to top the charts, and remained more than $100K over second place.
Top 15 Least Expensive Locations by Median Sales Price in April 2021 1. Newark CSD: $140,000 2. Circleville CSD: $164,900 3. Whitehall: $165,000 4. Hamilton LSD: $195,250 5. Groveport Madison LSD: $196,000 6. Jefferson LSD: $198,000 7. Lancaster CSD: $200,000 8. London CSD: $207,500 9. Columbus CSD: $217,000 10. Obetz: $225,100 11. Columbus: $228,500 12. South-Western CSD: $230,000 13. Reynoldsburg CSD: $237,900 14. Canal Winchester CSD: $245,500 15. Minerva Park: $245,551
Columbus and some of its suburbs remained relative bargains in April.
Overall Market Median Sales Price in April 2021: $251,135 The overall market is defined by Columbus Metro Area counties.
Top 15 Locations with the Highest Median Sales Price % Growth Between April 2020 and April 2021 1. German Village: +67.2% 2. Jonathan Alder LSD: +42.1% 3. Worthington: +39.3% 4. Blacklick: +38.6% 5. Buckeye Valley LSD: +36.7% 6. Powell: +33.8% 7. Teays Valley LSD: +30.6% 8. Whitehall: +29.7% 9. Worthington CSD: 26.4% 10. London CSD: +25.8% 11. Olentangy LSD: 24.7% 12. Bexley: +24.1% 13. Westerville CSD: 22.9% 14. Jefferson LSD: +21.5% 15. South-Western CSD: +21.1% 16. Marysville CSD: +20.3%
Top 15 Locations with the Lowest Median Sales Price % Growth Between April 2020 and April 2021 1. Grandview Heights: -20.4% 2. New Albany Plain LSD: -10.3% 3. Canal Winchester CSD: -8.4% 4. Downtown: -8.0% 5. Johnstown-Monroe LSD: -6.8% 6. New Albany: -6.6% 7. Lithopolis: -6.3% 8. Newark CSD: -2.1% 9. Big Walnut LSD: +0.3 10. Circleville CSD: +0.6% 11. Granville CSD: +1.4% 12. Reynoldsburg CSD: +2.9% 13. Pataskala: +5.0% 14. Minerva Park: +5.8% 15. Gahanna Jefferson CSD: +6.4%
Urban areas generally improved significantly over earlier in the year. Downtown was still down, but by less than in previous months, so it seems the urban market is now well underway with a recovery.
Overall Market Median Sales Price % Change April 2021 vs. April 2020: +13.8%
Top 10 Locations with the Most New Listings in April 2021 1. Columbus: 1,328 2. Columbus CSD: 917 3. South-Western CSD: 197 4. Westerville CSD: 182 5. Olentangy LSD: 177 6. Hilliard CSD: 171 7. Dublin CSD: 153 8. Worthington CSD: 108 9. Pickerington LSD: 105 10. Grove City: 100
Columbus lead again, and had a few hundred more listings in April than it did in March. Listings overall were up in most places compared to a year ago, a small glimmer of good news.
Top 10 Locations with the Fewest New Listings in April 2021 1. Valleyview: 3 2. Lithopolis: 6 3. Obetz: 8 4. Jefferson LSD: 9 5. Sunbury: 9 6. Johnstown-Monroe LSD: 9 7. Jonathan Alder LSD: 10 8. Minerva Park: 11 9. Circleville CSD: 13 10. Grandview Heights: 14
Total New Listings in the Columbus Metro in April 2021: 3,250 Overall Metro New Listings % Change April 2021 vs April 2020: +41.1%
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in April 2021 1. Lithopolis: 2 2. Minerva Park, Sunbury: 3 3. Big Walnut LSD, Jonathan Alder LSD: 4 4. Canal Winchester CSD, Jefferson LSD, Reynoldsburg CSD, Westerville, Worthington: 5 5. Groveport Madison LSD: 7 6. Beechwold/Clintonville, Delaware CSD, Hilliard CSD, Johnstown-Monroe LSD, Powell, Westerville CSD, Worthington CSD: 8 7. Hamilton LSD, South-Western CSD: 9 8. Hilliard, Pickerington LSD: 10 9. Obetz: 11 10. Bexley, Circleville CSD, Columbus: 12
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in April 2021 1. Short North: 52 2. New Albany: 49 3. Granville CSD, New Albany Plain LSD: 39 4. German Village: 38 5. Grandview Heights: 28 6. Downtown: 27 7. Buckeye Valley LSD: 25 8. Lancaster CSD: 23 9. Marysville CSD, Olentangy LSD: 20 10. Upper Arlington CSD: 18
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale April 2021 vs March 2020 1. Lithopolis: -97.0% 2. Minerva Park: -94.6% 3. Big Walnut LSD: -93.7% 4. Johnstown-Monroe LSD: -92.3% 5. Canal Winchester CSD: -87.2% 6. Jonathan Alder LSD: -85.7% 7. Downtown: -81.0% 8. Delaware CSD: -80.0% 9. Hamilton LSD: -75.0% 10. Groveport Madison LSD: -73.1%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale April 2021 vs March 2020 1. Short North: +73.3% 2. New Albany Plain LSD: +62.5% 3. New Albany: +44.1% 4. Jefferson LSD: +25.0% 5. Lancaster CSD: +4.5% 6. Upper Arlington CSD: 0.0% 7. Grove City: -7.1% 8. Buckeye Valley LSD: -16.7% 9. Gahanna: -18.8% 10. German Village: -24.0%
% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: -46.7%
The market heated up even more in April. Despite more homes on the market, houses were selling the fastest they have in any month year to date. The improvements in sales came across the metro area, including urban areas that had been lagging behind somewhat in previous months.
For this update, I’m going to do things a bit differently. In previous updates, I have done long ranking lists and it got to be a bit overwhelming. So starting with this update, I’m going to do more charts instead.
In any case, August continued the year-long trend of home sales being down, with the month coming in at more than 11% off from the same time last year. Prices, however, were up more than 6% to reach a monthly record. There continues to be a supply problem, which is the main mechanism driving both lower sales and higher prices.
