Dan DiYanni, Plum Tree Realty

08/27/2024

Central Ohio Housing Report - July 2024



Closed sales are up 12 percent, and inventory has surged to its highest point in five years in the latest housing statistics for July issued by Columbus REALTORS®.



There were 2,806 closed sales in July, a 12 percent uptick over July 2023. The most significant rise came in total inventory, which increased from 3,137 homes for sale in July 2023 to 4,325 homes for sale in July 2024. That’s a 37.9% increase year over year. It also marks the largest number of homes for sale in a single month since November 2019.



The median sale price in central Ohio is $327,250, a 3.9% increase year over year. Last month, it reached an all-time high in the region at $334,900.



“The fact that there are over 1,200 more homes available on the market right now than this time last year is a positive for prospective home buyers,” said Columbus REALTORS® President Scott Hrabcak.



“Columbus remains an in-demand seller’s market, but having nearly two months of inventory does give buyers more options than they have had at any point over the last four to five years.”

05/22/2024

I gave athis presentation to a business group. I think everyone should own an investment property and this explains why.

05/22/2024

April Central Ohio's Housing Report
Closed sales increased 13 percent year over year and total inventory spiked 28 percent when compared to last April in the most recent housing report provided by Columbus REALTORS®.



Last April there were 2,388 homes for sale in central Ohio and this April that number rose to 3,054 which is 1.3 months of inventory. A balanced housing market contains 5-7 months of total inventory.



While still firmly entrenched in a seller’s market, the signs pointing to more choices for potential buyers is positive news. On average, homes are selling slightly over asking price at 100.3 percent of last list price received.



“It’s great to see our total inventory climb over 3,000 units,” said Columbus REALTORS® President Scott Hrabcak. “We haven’t been at that level in the month of April since 2020. There is still plenty of competition out there but as we head into the summer months it’s great that REALTORS® will have more options for buyers.”



Another positive sign is the 17.2 percent increase in new listings in the month of April. There were 3,257 new homes that came on to the market. For the year, there have been 10,471 new listings, which is an 11.9 percent increase year over year.



The median sales price is also up 5.2 percent when compared to last year. That number sits at $317,513 which is a high-water mark for 2024. Last month, the median sales price was $310,000 in central Ohio.
*Of the closed sales in April, 63 percent were financed with conventional loans. All cash sales accounted for 20 percent of sales this month. FHA and USDA loans were utilized in 12 percent of home purchases this month while VA loans accounted for 5 percent of sales.
A the local spotlight for April, there were 38 sales in Marysville marking an 81 percent increase year over year. There were 60 sales in Delaware City School District, marking a 77 percent increase over April 2023 and Union County was up 67 percent over last year with 75 closed sales. The 75 sales ranked fourth among central Ohio counties, trailing only Franklin County (1,250 sales), Delaware County (242 sales), Licking County (179 sales), and Fairfield County (162 sales).

04/10/2024

I'd like to say thank you to everyone who has been a blessing and a friend to me in my real estate career. No one achieves anything worthwhile alone.

08/16/2023

Hint... it's not really a secret

A quick marinade and a simple kale slaw mean this steak-and-salad combo is low on effort but big on bright, seasonal flavors

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Amazon vs Walmart... this ought to be good

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7% sounds awful unless you were around back in the 80's when 15% was common.
Take advantage of this while you can.

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This gives new meaning to "Just Drop It!"

Many Americans spend the final days of December coming up with ambitious tasks for the new year. In 2023, resolve to take something off your plate instead.