Market OverviewMarket Reports

July 2017 Real Estate Market Report

Nationally

“The pace of new listings is not catching up with what’s being sold at an astonishingly fast pace.” – National Association of Realtors

Average Sales Price $298,800 (+4.9%)

Months Supply of Inventory = 4.2

Ohio

“The Ohio housing market is continuing to experience a solid level of sales activity and steady, modest growth in pricing,” said Ohio REALTORS President Pete Kopf. “It’s evident, based on the activity recorded in July, that the marketplace is continuing to make progress in building a stable foundation for the housing sector, as more Ohioans are exhibiting confidence that a home purchase is a solid, long-term investment.” – Ohio Association of Realtors

Average Sales Price $181,390 (+4.8%)

Central Ohio

“Although inventory is still down overall, the number of homes for sale has increased steadily in the last four months, which is not uncommon as the spring and summer months usually see the highest housing activity,” said 2017 Columbus REALTORS® President Mic Gordon. “Although slow and steady, the influx in inventory allows potential buyers to have more options to choose from. I’m optimistic that more inventory will be added to the market for the rest of the year.” – Columbus Realtors

Average Sales Price = $227,572 (+7.3%)

Days on Market = 28

Months Supply of Inventory = 2

New Listings = 3,800 (-2.1%)

Number of Sales = 3,051 (-3.9%)

Franklin County

Average Sales Price = $221,451 (-2.4%)

Days on Market = 21

Months Supply of Inventory = 1.6

New Listings = 2,204 (-0.7%)

Number of Sales = 1,802 (-2.4%)

Columbus

Average Sales Price = $182,216 (+8.4%)

Days on Market = 19

Months Supply of Inventory = 1.4

New Listings = 1,355 (-3.9%)

Number of Sales = 1,170 (-2.8%)

Clintonville Area

Average Sales Price = $275,872 (+5.3%)

Days on Market = 17

Months Supply of Inventory = 1.3

New Listings = 95 (+26.7%)

Number of Sales = 67 (-15.2%)

Dublin

Average Sales Price = $374,111 (+0.2%)

Days on Market = 35

Months Supply of Inventory = 3

New Listings = 101 (+6.3%)

Number of Sales = 80 (+27%)

Gahanna

Average Sales Price = $245,515 (+9.9%)

Days on Market = 13

Months Supply of Inventory = 1.1

New Listings = 64 (-15.8%)

Number of Sales = 43 (-28.3%)

German Village + Abutting Neighborhoods

Average Sales Price = $438,381 (+18%)

Days on Market = 65

Months Supply of Inventory = 2.8

New Listings = 15

Number of Sales = 13

Hilliard

Average Sales Price = $264,050 (+4.1%)

Days on Market = 16

Months Supply of Inventory = 1.7

New Listings = 70 (-2.8%)

Number of Sales = 63 (+1.6%)

Pickerington

Average Sales Price = $217,455 (+2.5%)

Days on Market = 26 (+13%)

Months Supply of Inventory = 1.5

New Listings = 54 (-3.6%)

Number of Sales = 38 (-28.3%)

Upper Arlington

Average Sales Price = $476,332 (+14.5%)

Days on Market = 27

Months Supply of Inventory = 2.2

New Listings = 87 (+20.8%)

Number of Sales = 62 (=15.1%)

Westerville

Average Sales Price = $266,951 (+11%)

Days on Market = 15

Months Supply of Inventory = 1.4

New Listings = 76 (+4.1%)

Number of Sales = 51 (-22.7%)

Worthington

Average Sales Price = $315,400 (+1.6%)

Days on Market = 8

Months Supply of Inventory = 1.2

New Listings = 36 (+50%)

Number of Sales = 39 (+56%)