Columbus Ohio Real Estate Experts

Ohio Was the Hottest Real Estate in March?

Yes, you read that right, the hottest real estate market in America for March 2019 was Ohio. We've just closed the books on the first month of spring and it was a high buying season even though the market slightly slowed in March compared with the same time last year.

There were several Ohio markets coming in as some of the country's most affordable and attractive. There was a lot of buyer interest and Ohio claim three of the top 20 spots in the monthly ranking for the country's hottest metro markets for real estate. Two more Ohio metro markets chalked up the biggest improvement year-over-year.

Columbus, no surprise, came in at number one on the list. This list reflects the combination of how quickly homes have sold as in the days on the market and the number of listings viewed in each market. Both of these are an indicator of buyer demand. Cleveland and Cincinnati were the largest metro areas with the most year-over-year improvement, quite a big change from last year.

Related Post: Pros and Cons to Buying a Home in Spring

Of course, places like California tend to top the list, Ohio shouldn't be brushed off. Columbus is super affordable with the median home price of just $249,000 compared to the national listing price of $300,000. This number attracts a lot of millennial's and young buyers so Columbus being right under that average home price makes it super attractive to many buyers.

About 80% of our business is working with first-time buyers in the millennial age group. This demographic is out in full force right now. People are moving from New York, California and Washington DC because of the affordability, the best small big town lifestyle, quality of life, and cost of living.

Mortgage rates have also declined somewhat from the start of the year, which can translate into hotter markets across the country. [Source]

We don't feel that Ohio, specifically the Columbus area, will have a boom and then a fall like many larger metro areas throughout the nation. We seem to maintain and sustain a high level of affordability, low cost of living, active and proficient job market, and an all around amazing place to live. Start your online search for all Columbus real estate here or simply contact my office for more details on Columbus.

Read More: Can I Buy a FSBO Even if I Have an Agent?

columbus, lewis center and gahanna real estate

Columbus Ohio real estate - Vision RealtyAs a certified Realtor® for the top-rated Columbus Realty Firm - Vision Realty, with 32 years of dedicated real estate experience, I can help buyers, sellers, investors, short sale sellers and more find, sell or invest in the right property, at the right price, at the right time. Contact me anytime for updates and information on the Columbus OH Real Estate market.

 

Donald Payne - Vision Realty, Inc.
4608 North High Street

Columbus, OH 43214

Toll-free: (866) 510-2223

Cell: (614) 323-4348
DonaldPayne@VisionRealty.com
Follow Me on Pinterest

LinkedIn Donald Payne Twitter Vision Realty - Donald Payne Vision Realty on Facebook Vision Realty YouTube Listings Vision Realty Columbus OH real estate search
Comment balloon 1 commentDonald Payne • April 15 2019 02:30PM
Ohio Was the Hottest Real Estate in March?
share
Yes, you read that right, the hottest real estate market in America for March 2019 was Ohio. We've just closed the books on the first month of spring and it was a high buying season even though the market slightly slowed in March compared with the… more
Should We Be Worried About the Housing Market?
share
Ah, the lovely media. Constantly steering us in one direction or another based on their level of fear and what they want us to believe, but, the housing market is taking an interesting turn this year. I think we all knew that 2018 would be a good… more
How the Growing Older Population will Affect Housing
share
The Harvard Center for Housing Studies just released a report talking about projections and implications on housing from a growing older population. By the year 2035 more than one in five people in the US will be age 65 or older and one in three… more
Gahanna OH Home Prices, Values and Real Estate Market
share
Currently, home prices for the Gahanna real estate market are as follows: the median list price is Between $189, 000 and $197, 000. The median sales price is between $162, 000 and $195, 000. The average list price is $248, 000. The median sales… more