"In December, Columbus experienced a notable 6.0% increase in active listings compared to the previous year, reaching 1,319 homes. Though this was below the national trend of a 12.1% increase, it suggested an intriguing opportunity for buyers. However, the number of newly listed homes saw a sharp decline of 23.0% year-over-year, contrasting with the national decline of only 1.8%. This fascinating combination of a rising inventory and fewer new listings hinted at a market ripe for buyer exploration."
"The median listing price in Columbus was $264,950 in December, a slight decrease of 0.9% from the previous year, contrasting the national trend of a 0.6% decline. With 22.1% of listings experiencing price reductions, a 1.7 percentage point increase from the previous year, Columbus outpaced the national increase of just 0.03 percentage points. This higher rate of price reductions painted a vivid picture of sellers recalibrating to attract savvy buyers."
"Columbus homes spent a median of 60 days on the market in December, a 11.2% increase from the previous year. This was a more favorable duration compared to the national median of 73 days, which increased by 5.0%. The extended time on market, possibly influenced by the holiday season, offered buyers a golden chance to make thoughtful decisions amid the increased inventory and price reductions."
In December, Columbus had 1,319 active home listings, a 6.0% year-over-year increase. Newly listed homes declined 23.0% year-over-year. The median listing price was $264,950, down 0.9% from the prior year. Twenty-two point one percent of listings experienced price reductions, a 1.7 percentage-point increase. Median days on market rose to 60 days, an 11.2% year-over-year increase. Compared with national trends, Columbus registered smaller inventory growth but larger declines in new listings and greater increases in price reductions. Increased listings, more frequent price cuts, and longer market exposure created comparatively favorable conditions for buyers.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]