"In May, home prices rose substantially from the month before, with a median listing price of $295,900. The number of listings on the market grew 11.4%, which is a bigger increase than normal for this time of the year in Columbus, and homes are also selling slower than at the same time last year. Home prices in Columbus Typically, home price per square foot in Columbus tend to rise in May."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot increased 0.5%, which means price changes in the Arch City are outpacing the national market. Columbus inventory In May, there were 1,247 homes for sale in Columbus, which was 11.4% more than the month before and 54.8% more than the same time last year. Meanwhile, active inventory across the nation rose by 8.0% from last month to 1,036,101."
Median listing price in Columbus was $295,900 in May, with a substantial month-over-month increase. Price per square foot in Columbus rose 1.8% from the previous month, exceeding the national per-square-foot increase of 0.5%. Active inventory in Columbus totaled 1,247 homes for sale in May, up 11.4% from April and 54.8% year-over-year. New listings in Columbus numbered 988, up 8.1% month-over-month and 6.5% year-over-year, while national new listings declined 1.4% to 465,096. Homes in Columbus averaged 36 days on market, two days fewer than April but 12 days longer than last May; the national average was 51 days.
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