Published July 14, 2023
July 2023 Market Update
Entering into the second half of 2023! Any goals you are aiming to
achieve in this second half? If making a real estate decision is on that
list, check out the most recent Central Ohio Market Update.
The median sales price rose to a record-high $320,000.
Mortgage
Rates are beginning to stabilize and new buyers are entering the
market! This has also helped increase inventory. 3,287 new listings hit
the market this month, an 18.2% increase over last month.
Total sales were also up, month to month, as there were 2,646 closed sales in May compared to 2,175 in April.
In
the local market breakdowns, Bexley saw a 43% increase in closed sales
with 23. Olentangy local school district posted the most closed sales
outside of Columbus, with 153 closings at an average sale price of
$627,365.
Columbus checked in at No. 7 on the Realtor.com Top 20
Hottest Housing Markets for May. Dayton was the only other Ohio metro to
appear in the Top 20, which checked in 14th.
Message me any time
if you have any questions or are curious about making a real estate
change — I’d be more than happy to answer your questions!
-Laura
