Columbus has seen a significant increase in housing inventory, with active listings rising 11.7% year over year and new listings up 25.8%. The median list price decreased to $270,975, down 2.2% from last year. Sellers are adjusting to the market, with nearly 20% of listings experiencing price reductions. Despite rising inventory, well-priced homes are selling quickly, with a median days on market of 36 days, which is faster than the national average. Buyers now have more choices and leverage in the market.
"Active listings rose 11.7% year over year in Columbus, more than double the national pace of 4.6%. New listings jumped 25.8% compared to last April, while the national count grew just 1.1%. Buyers have options, marking a significant change from last year."
"The median list price in Columbus came in at $270,975, down 2.2% from last April, which is a larger drop than the national decline of 1.4%. Nearly one in five listings carried a price reduction, indicating sellers must price correctly from the start."
"Despite rising inventory, well-priced homes in Columbus sold quickly, with the median days on market falling to 36 days in April, 5.3% faster than a year ago. Columbus homes were selling 16 days ahead of the national median."
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