Notably, the supply stood at 1.4 months, reflecting a significant 27.3 percent increase year-over-year. The total inventory of homes for sale surpassed 3,000, indicating a 9.7% rise over the previous December. However, in December, this figure rose to 30 days, marking the highest since March. During the peak of summer sales, homes were spending approximately 17-18 days on the market. The market dynamics underwent a notable change in December. Despite a slight dip in closed sales, the median sale price experienced a robust 7.3 percent year-over-year increase, reaching $295,000. In December, the Columbus & Central Ohio Regional MLS recorded 1,917 closed sales, reflecting a 5.7 percent decrease compared to December 2022, according to Columbus REALTORS®. As of the latest data, home prices in Columbus have experienced an increase over the past year, indicating a trend of appreciation rather than a decline. Given the swift pace of home sales, competitive pricing, and a notable percentage of sales over list price, the Columbus housing market leans towards being a seller's market. How Much Does a Real Estate Agent Make Per Sale?.10 Best Places to Live in California for Families in 2024.Should You Invest In The Dallas Real Estate Market?.19 Passive Income Ideas 2024: For Young Adults With Little Money.20 Worst Places to Live in the US in 2024.10 Worst Cities in California: Worst Places to Live in CA 2024.Worst Places to Live in Texas in 2023 & 2024.
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