Home Sales

Price of Columbus home climbs to $310,000 but signs point to

Columbus-area homes sold in an average of 12 days in May.

The Columbus housing industry remained on fireplace in May well but a growing range of symptoms level to a slowdown forward, specially in Northeast Ohio. 

Columbus-space household revenue jumped 7.5% in Might about final Might, when selling prices leapt 13% from a yr back to yet one more history. The median revenue price tag of a Columbus-place household in Might was $310,830, up from $275,000 final May perhaps.

Properties marketed immediately after getting listed an average of 12 times, down from 14 times a 12 months ago and very well down below historic norms. 

More:Want to purchase a property? Listed here are 10 strategies for navigating a challenging housing market place

Nationally, nevertheless, home profits fell 3.4% in May well, the fourth straight thirty day period of declines, incorporating to escalating indications that the housing current market is slowing down as property finance loan fees carry on to climb.

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