Published September 11, 2023
September 2023 Market Update
How is the Central Ohio Market looking heading into Fall.
Inventory is creeping in the right direction and home prices are starting to experience a slowdown!
After
three consecutive months of record-breaking median sales prices, the
region saw a 2.2 percent decrease from June to July. Combine that with
an 8.7% increase over last month's inventory, and potential buyers have a
little more selection to go along with some potential relief at the
signing table.
Central Ohio’s inventory challenges have been well
documented, but July’s nearly 9 percent bump in total homes for sale is a
welcome change.
Homes are lasting just over two weeks on the market.
Grove
City posted an 11.3% increase in closings in the local market
spotlight, with 69 at a median sales price of $339,900. Reynoldsburg
posted a 6.9% jump in closed sales with 62, resulting in a median sale
price of $305,000.
Message me anytime if you have questions about the market!
-Laura
