#home-listings

#home-listings

The housing market is stuck in an unending circle of gridlock: Buyers aren't inclined to purchase a home because mortgage rates and home prices are too high (they're up 1.7% year over year at $440,004, according to Redfin). And homeowners don't want to sell their homes to trade for a higher mortgage rate and out of fear they won't get what they think their home is worth.

Columbus's housing market is somewhat competitive: homes typically receive about 2 offers and sell in roughly 42 days. The median sale price last month was $299,000 (+3.1% YoY), while the median price per square foot came in at $189 (-2.1% YoY). According to Redfin Home Trends, buyers are drawn to homes with features like landscaped yards, large living rooms, open floor plans, and mature trees, all of which highlight what resonates regionally and what's adding value in today's market.