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The Columbus housing market experienced significant growth in July 2024, with closed sales up 12% year-over-year. Inventory surged to 4,325 homes, the highest in five years, and the median sale price increased to $327,250. Homes are staying on the market longer, averaging 22 days, compared to 17 days last July. With mortgage rates dropping, the market could see strong activity this fall.
Key Facts:
- Sales up 12%
- Inventory up 37.9%
- Median sale price: $327,250
- Average days on market: 22
With rising inventory and falling mortgage rates, buyers may find more opportunities, while sellers can still benefit from a competitive market.
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