08/23/2024
Real Eatate Real Talk.
* Gahanna Repeats as America’s Hottest ZIP Code REALTOR.COM HAS NAMED GAHANNA “AMERICA’S HOTTEST ZIP CODE” FOR THE SECOND CONSECUTIVE YEAR*
The city of Gahanna has gone back-to-back.
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.”
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