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    May 2024 Central Ohio Market Update

    The Central Ohio real estate market continues to demonstrate significant strength as we move into May 2024. With an inventory...

    • Josh Dawson
    • May 6th, 2024
    • 2 min read

     

     

    The Central Ohio real estate market continues to demonstrate significant strength as we move into May 2024. With an inventory level of just 1.35 months, the region remains firmly in a seller's market, where demand heavily outpaces supply. This dynamic is underscored by homes selling swiftly at an average of 29 days on the market and achieving roughly 99% of their original list price. The vigorous market activity is further evidenced by the average-priced home receiving about 8 showings, reflecting robust buyer interest despite the upward trend in prices and volatile interest rates.

    Moreover, the average sales price in Central Ohio has escalated to $361,723, marking a 5.15% increase from the previous year. This uptick in home values not only benefits sellers with higher returns but also emphasizes the urgency for potential buyers to act swiftly in a competitive market. Additionally, the number of new listings has risen by 14% compared to last year, suggesting that while more homeowners are looking to capitalize on favorable selling conditions, the supply still falls short of quenching the market's thirst, maintaining the upward pressure on home prices.

    May 2024 Market Update for Central Ohio

    (Versus May 2023)

    +14.7%

    New Listings

    +11%

    Active Listings

    -40.6%

    Under Contract

    +10%

    Closed Sales

     

    Homes Sold

    99%

    Sale-to-List Price

     

    $361,723

    Average Sales Price

    1.35

    Supply (in Months)

    29

    Average Days on Market

    $200.71

    Average Price per Square Foot

    Curious about how your home's value has changed?

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    About the author

    Josh Dawson

    614.706.6288
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    Buying or selling real estate is more than a transaction—it’s a major life decision. You deserve a guide who brings not just experience, but clarity, strategy, and trust to the table. That’s where I come in. I was born and raised in Fostoria, Ohio—a blue-collar factory town where your word meant everything and people treated each other with respect. I come from a family of military veterans, tradesmen, and kind-hearted Midwesterners who taught me to do good, be good, and work hard. I carried those values with me to Ohio Wesleyan University, where I played football and graduated with the same commitment to perseverance and teamwork I bring to every client relationship today. My real estate career began not in Central Ohio, but as part of a Wall Street Journal Top 100 Team in Boston—one of the fastest-moving, most competitive markets in the country. Before real estate, I served in senior political roles, including State Director for the Massachusetts State Treasurer and Legislative Director in the State Senate. I even ran for State Representative and earned an endorsement from The Boston Globe—because I’ve always been driven to serve people, solve complex problems, and lead with integrity. Today, I bring those same values into my work as a real estate professional and former managing broker. I’ve led agents, negotiated complicated transactions, and taught hundreds of professionals how to master real estate contracts. I don’t just understand the fine print—I’ve taught from it. That insight often helps me make small but strategic contract adjustments that protect my clients or save them tens of thousands of dollars. I currently serve on the Columbus Realtors Broker Advisory Committee and am the Past-President of the Greater Dublin Realty Association, where I continue to advocate for professionalism, education, and client-first service across our industry. Clients know me for my steady communication and proactive approach. I hold weekly check-ins to ensure no one ever wonders, “What’s happening?” or “What’s next?” Whether I’m guiding a family through an emotional sale or helping a first-time buyer make a strong start, I act with clarity, empathy, and your long-term goals in mind. When I’m not working, you’ll often find me coaching my daughter’s softball team, spending time with my family, or fishing and boating in Port Clinton, where my parents now live. I live in Dublin with my amazing wife and our two beautiful daughters—and I consider it an honor to serve families across Central Ohio with focus, care, and professionalism. If you're ready to move forward with purpose, I’m here to help you do it wisely.

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