Columbus OH Real Estate Market Update May 2020

Dated: May 24 2020

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Columbus OH Real Estate Sales are Hot! 

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It's been raining like cats and dogs in Columbus OH but that hasn't slowed down the real estate market. You'd think with Murder Hornets, a Global Pandemic and torrential daily rains- a real estate market might suffer. It doesn't appear to be that way in Columbus

My real estate team in Central Oh, are tearing it up! We ( The Sam Cooper Team, HER Realtors )  have sold nearly 135 homes this year. I track numbers almost daily. I pull "hot sheets" every day in local real estate markets here in Columbus. I've done that religiously for 15 years. Hot Sheets show the newest listings in certain zip codes throughout the Central OH Market. I research past sales, this year vs. last year numbers and all kinds of other statistics.

I was curious to see how the Columbus OH Real Estate Market was doing compared to last year with all that is going on. Last year was an incredible year for Columbus OH Real Estate Sales! For the past two months, a lot of business have been shut down in Columbus OH. Albeit, real estate was still active and thriving. Realtors were taking extra precautions showing and selling homes. The sales in April 2020 remained fairly strong. 

Columbus OH Real Estate Market Update May 2020

I just checked the sales numbers for May 2020 vs. May 2019. Here's your Columbus Oh Real Estate Market Update for May 2020: The sales prices are up! And, they are up a lot! In May 2019, the average sold price of Columbus Oh Homes was $215,243. This year in May, the average sales price is $233,881! Homes are selling in Columbus OH right now in 21 days on average. That's pretty quick! A lot of my listings are seeing bidding wars with prices surpassing original list price. Buyers are paying money towards appraisal shortage in some cases. 

The home pictured above, I listed on Thursday. I put this home under contract in just a couple of days over asking price! Inventory in Columbus Ohio is down. If you're thinking of selling your Columbus OH Home, what are you waiting for? This is an excellent time to sell a home in C-Bus! Contact me today! (614) 561-3201.

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Sam Cooper

#1 Selling Realtor in all of Central Ohio 2017-2019. The Sam Cooper Team, HER Realtors is the #1 Selling Realtor & Real Estate Team in Central Ohio for most homes sold since 2017. No other Realtor or ....

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