Central Ohio home buyers have been busy during the waning months of 2017! Central Ohio home sales were up 3.2% in November 2017, with 2,377 transactions recorded. This was the highest of any November on record. Homes spent an average of 36 days on market, beating the November 2016 rate of 42 days on market.
Central Ohio home prices saw a boost as well. The average home sale price in November reached $213,962. Doing the math another way, the median home sale price reached $180,000.
Please keep in mind that industry statistics do not include For Sale by Owner homes, or homes sold directly by builders, as these sale occur without the involvement of a listing agent. (That doesn’t stop Exclusive Buyer Brokers from showing these homes to you, and representing you in the purchase negotiations!)
If all of these hot sales trends are sounding familiar, there’s good reason! About a year ago, we posted a blog about the robust Central Ohio home sales of November 2016. At that time, the median home sale price had reached $172,000.
Go back further, and you’ll find we reported how the 2016 Columbus home inventory could remain lean – and it did! Go farther back, and you’ll see how we helped first-time home buyers succeed during a very competitive market in 2015.
The Central Ohio real estate market conditions we have today have been with us for quite a while. They are likely to stick with us for the foreseeable future.
While these conditions can be challenging to home buyers, it does not mean you should give up your rights to protective contingencies! Nor should you feel compelled to accept a home price that is too high for the property condition or local market factors. There’s plenty of bad advice out there from typical agents, because they represent the seller!
We’ve helped home buyers succeed in these competitive conditions for years, and we’ve helped our Buyer-Clients navigate the volatile and varied Central Ohio markets of the past two decades. If you plan to buy a home in 2018, be sure to work with an Exclusive Buyer Broker!
As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.
Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Andrew Show
Broker, CEBA-M, CNE, CSP, PSA, e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services, www.buyershome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax
