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September 2021 Central Ohio Real Estate Market Update

Josh Dawson

My goal is simple: to help you make better real estate decisions...

My goal is simple: to help you make better real estate decisions...

Sep 21 2 minutes read

"This market is crazy!"

If I had a dollar for every time I heard that I'd be enjoying retirement by now (I'm not even 40).

But, it is. And here's why:

1) Record Low Mortgage Rates

Mortgage rates have been hovering at or below 3%, which is historically low!

2) Home Price Appreciation

Central Ohio homes have appreciated more than 12% in the last year, nearly triple the United States long-term average.

3) Inventory

In Central Ohio, it would take about one month for all of the homes to sell if no more were listed for sale after today. A balanced market has 4-6 months worth of homes for sale.

4) How Long it Takes to Sell a Home

Last year at this time, it took a seller an average of 25 days to accept an offer after they listed their home for sale. Today it takes about 11!

5) Number of Offers per Listing

Today, the average-priced home is receiving about 4.5 offers. A year ago? Just under 3.

Market Changes in Last 12 Months 


New Listings


Active Listings


Under Contract


Closed Sales

Homes Sold


Sale-to-List Price


Average Sales Price


Months of Supply


Average Days on Market


Average Price per Square Foot

Curious about what
your home is worth now?

I'll dive into the data and let you know where your home sits in this market. 

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