Home SalesMarket Conditions August 29, 2025

Central Ohio Housing Report – July 2025

The Big Picture

COLUMBUS, Ohio (August 21, 2025) — Housing inventory hit its highest level in a decade, and sales grew by 2.6% year over year in the latest central Ohio housing report, provided by Columbus REALTORS® and the Columbus & Central Ohio Regional MLS.

There were 2,899 closed sales in July, and the median sales price rose 4.6% to $342,000. While closed sales were up 2.6% year over year, July’s numbers marked a 1.8% decrease over June, when 2,951 sales were reported.

Housing inventory in central Ohio is up 20.8% year over year and 8.7% over last month as 5,638 single-family homes and condominiums were listed in the MLS in July. This marks the highest inventory of homes for sale since 2016, when there were 6,273 homes on the market.

“The increased inventory gives buyers more choice, and in some cases, more time to make their decision,” said 2025 Columbus REALTORS® President Buffie Patterson. “For sellers, accurate pricing matters now more than ever. A REALTOR® will help the seller stand out and protect your bottom line.”

With the rise in inventory, the days on market have increased to 27 days. Last year at this time, homes were selling in 22 days. There are currently 2.3 months of supply in central Ohio. This statistic estimates how long it would take to sell all active listings at the current monthly sales pace. Most economists consider a balanced market to be 5 to 6 months of inventory, meaning sellers still hold the advantage in central Ohio.

The median sales price is $18,000 higher than July 2024 at $324,000. While suburbs such as Dublin, Powell, New Albany, Grandview, and Bexley all boast median sales prices over $600,000 there are some more affordable communities who are seeing increased sales. Additionally, Bexley was named the No. 10 Hottest ZIP Code in the United States for 2025 by Realtor.com on August 6.

 

 

 

Outside the I-270 loop, on the westside, sales were mixed. Just south of Dublin, sales in the Hilliard school district were down 12.9% with just 122 closed sales so far this year vs. 140 last year. However, the median sales price jumped 7.6% to $422,750. Days on market was just 15 and the number of new listings jumped from 152 last year to 168 this year.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In the South-Western School District which encompasses Galloway and Grove City, overall closed sales were flat year over year at 162. The median sales price rose 6.5% to $330.000. Days on market was 29 and the number of listing fell 8.3% from year over year from 230 to 211.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

While prices overall are on the rise, other communities outside of the I-270 loop are gaining buyers’ attention. These school districts all boast median sale prices under $300,000 and each posted more than 25 closings in July 2025

  • Columbus City School District $269,950
  • Groveport Madison LSD $255,500
  • Lancaster CSD $275,000
  • London CSD $290,000
  • Marion CSD $193,000
  • Newark CSD $230,000

The Columbus & Central Ohio Regional Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fairfield, Fayette, Hocking, Licking, Madison, Marion, Morrow, Perry, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Knox, Logan, Muskingum, and Ross counties.

Buying a HomeHome ImprovementHome SalesMarket Conditions August 8, 2025

First-Time Homebuyers – What they Wish They Knew – Flippers

In the second part of a multi-installment series on the home buying process and what first-time homebuyers, and homebuyers in general, wish they knew before they purchased a home, we will explore “Flipped” homes.

So what is a flipped home?  It’s a home that was purchased by an investor who remodels the home, updates it, and sells it for a profit.  The turn-around between buying and reselling the home is quick.  The goal is to maximize profit and every day a home is being updated adds costs.

A fresh coat of paint, new floors and updated bathrooms and kitchens are appealing. But what homebuyers who bought these homes wish they knew is the true cost of buying a flipped homes.

But first, how do you know if a home is potentially a flip?  A home that was bought less than a year ago and is back on the market for much more than it was last purchased for, is most likely a flip.

If you go to an open house, one of the first signs is that everything is freshly updated. Your Realtor should check the sales history of the home.  When was it last purchased?  What did it sell for and what is the current selling price? Some flipped homes will be back on the market within 30 days, but 60 – 90 days is common.  Mark-ups in the Columbus metro area typically start at a minimum of $100,000 over the previous purchase price.

While they often look appealing due to cosmetic upgrades, there are several common problems people encounter:

Hidden or Unaddressed Major Issues

This is perhaps the most significant concern. A Flipper may not have addressed a problem because it was not discovered in the remodel.  If they are not experienced in home remodeling, they may not have known to look for it or it may have been obscured behind a wall. FlippersMold, Seller must disclose often prioritize visible, cosmetic improvements to attract buyers and maximize profit. The most essential, but less visible, repairs found after the flipped home purchase are electrical, plumbing, HVAC (heating/AC), roofing, structural, foundation, water damage, mold and pest infestations.

Poor Workmanship and Cheap Materials

To save money, flippers may hire inexpensive, unqualified contractors or attempt DIY repairs themselves, resulting in shoddy work. Some examples are:

    • Poorly installed flooring (e.g. LVP on uneven subfloors).
    • Subpar painting with messy edges or painted-over outlets/fixtures.
    • Mismatched or cheap appliances, fixtures, and finishes (e.g., granite tiles instead of slabs, cheap toilets).
    • Improperly hung doors or cabinets.
    • A “polished turd” effect where the superficial looks good, but the underlying quality is lacking.

Lack of Permits and Documentation

Many renovations, especially structural or electrical work, require permits from local authorities to ensure they meet building codes. Flippers sometimes bypass this to save time and money.

    • No permits: This is a major red flag. If work was done without permits, the buyer becomes responsible for bringing it up to code, which can be costly and lead to legal issues.
    • Lack of paper trail: Reputable flippers should have receipts and invoices for all work done. A lack of such documentation can indicate unverified repairs or corner-cutting.

Sparse Property Disclosures

Since flippers typically haven’t lived in the home, their knowledge of its history and potential issues is limited. This can lead to less comprehensive disclosure statements compared to an individual homeowner who has lived in the house for years and knows its quirks.

Mitigating Concerns

How can you mitigate these concerns?  A home inspection is a smart first step. However, even then there is no guarantee that the inspector will discover hidden flaws or poor workmanship.  Many of these concerns are behind finished walls or otherwise inaccessible.  For the same reason a flipper may not have seen or remedied something.

A home inspector will not be able to verify the condition of some of these concerns because they are concealed or because they do not have the necessary qualifications to evaluate the conditions.  Some examples where specialized inspections may be necessary are structural integrity, plumbing and electrical services. If the home inspector sees an indicator of a specialized problem, they will recommend a qualified inspection (e.g., sewer scope, electrical, plumbing, foundation, mold and pest) beyond the general inspection.  We will look at those matters in a future installment of this series.

 

Summary

While any home purchase comes with risks, flipped homes carry a higher likelihood of hidden defects and poor-quality workmanship due to the business model’s emphasis on quick, profitable, and often superficial renovations. It’s crucial for buyers of flipped homes to exercise extreme diligence, including thorough independent home inspections (and potentially specialized inspections) and scrutinizing all available documentation.

Buying a HomeHome SalesMarket Conditions July 14, 2025

First-Time Homebuyers – What they wish they knew

Things First-Time Homebuyers Wish They’d Asked

Buying a home is a process full of unknowns, especially when you are a buying your first home.  There is so much advice on how to get the best interest rate, buying down points, improving your credit score, etc. Make no mistake, the financial part of home ownership is important.  But what happens after you move in?  What do homeowners wish they knew before signing the ream of paperwork committing them to 30 years of mortgage payments?  What makes a home and a neighborhood pleasant place to live?  I dug into the first-time homebuyer subreddit and found the following trends.

Over the next few weeks, I will explore some of the things that people said they wish they had known

More About the Neighbors and Neighborhood

A significant number of users expressed regret over not investigating the neighborhood and their immediate neighbors more thoroughly. This includes checking for noise levels at different times of day, potential disputes, and the overall community atmosphere.

“Figure out who your neighbours will be. A bad neighbour can be a game changer. S

o drive by at different times of day to get a sense of the neighborhood.”

This is so important. What is the state of repair on y0ur future neighbor’s homes?  Look for

neighborhoods where the homes are generally well maintained. Landscaping is another indicator of a neighborhood where the homeowner’s take pride in their homes.

Environmental Nuisances

Other things I encourage clients to consider are proximity to train tracks, busy highways and industrial/warehouse zones.  These can contribute to noise and air pollution.  They can also make getting into and out of your neighborhood challenging and cause rapid deterioration of the streets.

Similarly, look at how much vacant land surrounds a neighborhood.  What is that land zoned for?  What is on the other side of that stand of trees? That wooded lot could become a strip center, a warehouse, a highway or another neighborhood.  I’ve seen property values slashed on half-million dollar homes because a warehouse ruined the aesthetic and desirability of a neighborhood.

Rentals

How many rentals are in the neighborhood?  Your realtor can give you a good idea of how many homes are owner-occupied or have absentee Rentalowners.  While this is not a guarantee that all those homes are rentals because some may split there time in different states, it is a good gauge of stability of your neighbors. A higher percentage of owner-occupied homes generally means observable pride of ownership which translates into stable and appreciating property values.

Walk Around

Finally, it is a good idea to walk around and talk to neighbors. Take a walk in the evening or weekend.  Any party houses or especially difficult neighbors?  How many cars are parked on the street?  Are the neighbors friendly? Is there a neighborhood watch?  How strict is the HOA?

While this is not an exhaustive list of things to consider, it reflects the top concerns I hear from clients and the things I’ve learned from being a homeowner.

When I work with a client, we sit down and talk about Needs, Expectations, Wants, Priorities and Outcomes.  These are different for everyone I meet with.  If you would like to work with an experienced professional who will work with your interests as the top priority, call me or fill out the contact form.  Check this page to search for active listings.

Home SalesMarket Conditions July 8, 2025

Seller Optimism – Is it Well-Founded?

Even with more home sellers reducing their initial asking prices nationally, a recent survey found that they’re feeling quite optimistic these days. Over 75% of them aren’t expecting to lower their asking price. However, this outlook doesn’t match up to the reality of those who sold a home last year, as only 42% of respondents who sold a home received their original asking price.

For those wondering why sellers are optimistic, one reason may be their location. Homeowners in northern states and popular areas, like Columbus, have a much higher chance of getting their original sticker price, or even above it.

Locally, the west side of  Columbus, (school districts of Dublin, Hilliard and South-Western) homes are selling just above asking price as the weather has warmed. Since the end of the school year, homeowner’s have seen selling prices rise from just below asking (98.6%) in January to just above (101.1%) in June.

However, cities with less attractive prospects such as San Francisco aren’t expected to fare nearly as well, with almost 20% of homes at risk of selling at a loss.

Many homeowners who are planning to sell their homes during the next 18 months are planning to play it safe. Of the future sellers surveyed, nearly two-thirds (62%) said they have a backup plan in case their home doesn’t sell quickly.

Speed of sale is not an issue for single-family homes on Columbus’ west side.  Of those who sold their homes on the west side in May (340) and June (332), they were on the market for 5 days and 4 days respectively at a median price of $425,750.

Home DecorHome ImprovementHome Sales June 30, 2025

Home Stagers’ New Secret Weapon: Wireless Lighting

Light up any room—no electrician needed.

Put a light anywhere in the house—without an electrician or extra wires. Battery-operated and rechargeable lights are beco

Rechargable Lampming a game-changer when looking for an affordable home staging solution that can brighten up spaces.

Cordless lights are making it possible to bring light anywhere. Consider, dark closets, dim

entryways, bedside tables and bathroom mirrors. When getting a

house ready for sale, agents and home stagers are turning to these portable options as a quick—even stylish—fix.

Picture sleek wall sconces, discreet puck lights or picture lights to highlight artwork. All are available in wire-free options, offering flexibility, function and style without the hassle.

 

And while such solutions can help enhancing a home’s appeal to buyers, owners don’t have to be planning a sale to go wireless.

“Cordless and LED options are making it easier for homeowners to upgrade without a full electrical overhaul,” says Alecia Taylor, a designer at CabinetNow.com. “We’ve had customers integrate rechargeable puck lights inside cabinets or glass-front uppers to highlight their dinnerware or collectibles—easy, functional, and beautiful.”

Affordable, Rechargeable & Easy to Install

Rrechargeable LED lights are an easy way to highlight art without the cost and complexity of traditional, wired lighting

Art Highlight

Battery-powered lights come in nearly every style—from brass wall sconces to LED color-changing puck lights. These can be affordable, too, with most options ranging from $20 to $80. The lights are typically rechargeable, with most staying lit for eight to 15 hours between charges.

Long-lasting battery-operated sconces attach easily to the wall. Most come with remote control options and can even be voice-activated with smart-ho

me assistants like Alexa or Google Home. The brightness can be adjusted or dimmed, and many have color temperature controls, enabling owners or their agents to alternate between warmer and cooler tones.

With today’s cordless lighting options, homeowners can bypass expensive rewiring and add light where and when they need it, whether to bring attention to a gallery wall, make a closet more functional or add ambiance and style to nooks and crannies around their home.

Content by Melissa Dittmann Tracey

Images generated by Google Gemini

Source Article

Home SalesMarket Conditions June 24, 2025

Central Ohio Housing Report — May 2025

COLUMBUS, Ohio (June 23, 2025) — The housing market in central Ohio showed signs of rebalancing in May, thanks to increased inventory and steady interest from buyers. While closed sales remained nearly identical to those in 2024, the significant change continues to be an influx of new listings, which have given buyers the choices they have been lacking in recent years.

Last month, total inventory rose to 4,432 homes, and in May, there was a 10% increase to 4,828 single-family homes and condominiums on the market. Year over year, inventory is up 36% in the region, continuing a trend that began last year.

“The home seller is the story of the summer so far,” said Columbus REALTORS® President Buffie Patterson. “Our inventory growth has given buyers more choices, but we’re seeing buyers move at a more traditional pace. The urgency buyers felt in years past is gone, and that’s a good thing for a more stable, sustainable market.”

The average number of days on market climbed to 28 days in May, a 27% increase from the 22-day average in May 2024. While this marks a shift toward a more balanced market, it’s important to note that homes are still selling quickly by historical standards.

Central Ohio recorded 2,835 closed sales in May, down only 0.1% compared to the same period last year. Additionally, 3,192 homes went under contract, reflecting a 0.4% increase.

The median sales price has increased by 1.7% to $335,500, and homes are selling on average at the asking price.

What’s keeping some buyers on the sidelines? Most eyes turn to mortgage rates, which have settled in around 7% on a 30-year fixed-rate loan in recent weeks.

“With rates where they are, that can impact the housing market in many ways,” explained Patterson. “Builders are not as motivated to develop, potential sellers feel locked into their lower rates, and conversely, potential buyers have less buying power.”

In the local area spotlight, Columbus proper and the Columbus City School District together accounted for 50% of the closings in the region (1,407 closed sales).

The Columbus & Central Ohio Regional Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fairfield, Fayette, Hocking, Licking, Madison, Marion, Morrow, Perry, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Knox, Logan, Muskingum, and Ross counties.

Our May Housing Report video will be available on our YouTube page soon!

Home ImprovementHome Sales November 14, 2023

SELLER: All about disclosures

This article originally appeared on Century21.com

Disclosure is key to the house selling process. While the form may seem overly long and confusing, filling it outright is important. Failure to disclose some problems or entering false information can leave you open to a lawsuit, even after closing.

Federal, state and local

You must obey federal, state and local laws for disclosures. There aren’t many federal requirements, but one very significant one is lead paint disclosure. If your home was built before 1978, you must disclose any known lead paint in the house and provide potential buyers with an EPA pamphlet.

As for state and local laws, these vary across the country. Common disclosure requirements include:

  • Pest infestations
  • Water infiltration
  • Mold
  • Smoke damage
  • Structural problems
  • Environmental hazards
  • Death in the home

Put it in writing

Disclosures must be in writing for potential buyers. Verbal disclosures, no matter how thorough, don’t count.

Patent vs. Latent

When filling out a disclosure form, you may see the terms patent and latent. A patent defect is visible and usually doesn’t need to be disclosed, while a latent defect is hidden and should be disclosed.

What if it’s been fixed?

In most cases, even if you’ve completely remediated the problem, you still need to disclose it as part of the house’s history.

REALTORS® to the rescue

With a qualified local REALTOR®, you’re much less likely to make a mistake during the disclosure process. They can help you identify what needs to be disclosed, when it’s appropriate to say that you simply don’t know, and more.

 

Home DecorHome Improvement November 8, 2023

Moving Forward: The Role of the Home in Well-Being and Productivity

This article originally appeared on Century21.com

Recent events have made the spaces in our homes more important than ever—to our productivity, well-being, health and comfort. As we head into a new future, how can we make sure that our homes serve us better?

While homes have always been central in our lives, they have never had to shoulder as much of a load as they have this past year. Since the stay-at-home orders, our homes have had to provide us with everything we need, much of which they were not designed for—from office spaces to classrooms, gyms and sanctuaries.

Our relationships to our home environments have changed, and the psychological impact of being at home, becoming familiar with the new demands on our spaces, and being confronted with all of our “stuff” is not a minor thing.

The effects of this reassessment of our home spaces on our behaviors have been numerous: from making small changes, like seeking to repurpose the spaces in our homes for more practical use (work, recreation, quiet time), or removing various unneeded furniture or objects from our homes, to larger decisions like moving to a house that is more suitable for our own personal indoor-centric lifestyles.

Now, the number of vaccinated Americans is increasing, and a pinprick of light is growing stronger at the end of the COVID tunnel. Does this mean that we will return to pre-pandemic behaviors and forget the adjustments that we’ve made in our homes?

Sally Augustin, an environmental and design psychologist, uses the practice of science to inform design projects in both commercial and residential spaces. She believes that, while we will be glad to be out of our homes again when things become slightly more relaxed, we will also use what we’ve learned from the recent past to inform how our spaces should work for us moving forward.

“We’re a social species, so we like to mix with others,” Augustin says. “We’ll go back to work; we’ll start to see our families again. We’re all pretty sick of our own cooking and all the things we can get delivered, so we’ll go out to eat again. I think people will resume, to a large extent, their previous lives, but they won’t forget their current experiences.”

So, what does that mean for how we design and live within our existing homes, and what we should look for in future property purchases?

SMALL CHANGES

For those who are working within the confines of the spaces that they already have, there are small changes that can be made that will make a significant impact on quality of life at home.

Augustin is quick to list a few things that can make a big difference—noting that they’re not new design elements born out of the pandemic, but rather things that have always helped us to create healthy and happy living spaces, and that can be implemented to great effect in these changing times.

“For most of us, happily, all of our sensory systems are working at same time,” Augustin says. “Always think about the full range of sensory experiences you’ll have in a space.”

To create a more relaxed environment, Augustin recommends playing nature soundtracks at a very low volume in your office or living room. And she says that smell—yes, smell—can also play an important part in how comfortable you feel at home.

“There’s been a lot of rigorous research done on smell and how it affects what goes on in people’s heads,” she says. “You might consider making your home office smell like lemon, which has been linked to cognitive performance. Throughout the home, you might want a lavender scent, because the research shows that the smell of lavender is relaxing.”

Most of us default to sight as the primary sense when we evaluate a space for suitability, and there is plenty you can do to improve the visual impact of your home environment.

“Seeing wood grain is great at alleviating our stress—whether it’s on floors or other surfaces in our homes,” Augustin says. “Relatively light and unsaturated colors (which have always been good for use in a home) are still good. And natural light is like magic for us as humans. Being in natural light improves our cognitive performance—even our creative thinking. Plants were great inside before, and they’re great inside now, in terms of helping us refresh mentally and feel calmer.”

On top of color and light, Augustin notes that the way that we allow our belongings to dominate a space can have a big effect on our mindset.

“It’s really important to think about visual clutter in a space,” she says. “I think sometimes people let that get on top of them. I’m not talking about creating a place that’s stark—being in white box without much going on visually stresses us out—but you’re really looking for a middle ground.

“You want to think through the palette of colors that are in a space, make sure it’s well-managed, have only a couple of patterns in a space, have some personalizing objects on tabletops or hanging on walls, like photographs or art, but don’t let things get away from you.”

Rebecca West, interior designer and founder of Seriously Happy Homes, agrees, adding that clutter can take your space away from you.

“People used to have all these spare rooms, like the guest room or the home gym that wasn’t used much,” she says. “Now, that space has become so much more precious. The demands on the space have become a lot more profound, and people are thinking, ‘This is our reality now. How do we make it work?’

“If you’ve got a space that has been storing stuff that you haven’t touched in five or 10 years, you really got to think, ‘Could I use that space better?’” she says. “This is very helpful for people who feel like they don’t have enough house. You’re just seeing it with blinders on, having lived there for so long that you can’t necessarily see any other way of using the space.”

West notes that, until recently, it’s been much easier to ignore the things in our homes that weren’t working.

“I think that a lot of people were able to ignore that psychological baggage in their home, because they always left the house for work, or they could go out with friends,” she says. “[Since the pandemic], they haven’t been able to escape those psychological cues anymore.”

To create a space that best serves your well-being, West recommends taking a look around your home,

and identifying the things that don’t make you feel good.

“You can take action on the stuff that has been nagging at you, but you weren’t really able to put your finger on,” she says. “Figure out what makes you happy and showcase it, because half the time we hide the stuff we love in a box in the garage. Get rid of the stuff that seems like it should be functional—maybe it was expensive, maybe you have guilt because it was given to you as a gift—but doesn’t make you happy. Who are you serving by holding on to all that?”

Once you have assessed the elements you can bring into your home for well-being, as well as those you should get rid of, the job is not done—you still need to keep on top of what’s coming into the house, and make sure you keep shifting things out, West says.

“A house is never done, because the people in it are always changing, and there’s always stuff flowing in—whether that’s junk mail or groceries or Amazon purchases,” she says. “If we don’t think about the house as this living, breathing organism—where things are breathed in, so they must be breathed out—then we either end up with a totally stale house, or we end up with too much stuff.”

THE BIGGER PICTURE

While there are several things that you can do to improve your space that don’t require remodeling or moving house, sometimes taking a big step and making those larger changes is necessary.

Both West and Augustin note the need, during times when we’re spending more time indoors in close proximity to others, for spaces that can be closed off for work or quiet, but that won’t make residents feel closed-in.

“There’s this competing priority of, ‘I need a door to close so that I can take whatever meeting, or find a mental quiet space,’” West says, “but also, ‘I don’t want to feel super isolated, or trapped in a lot of tiny, small spaces.’”

She says that we can have both space and sanctuary, through having large rooms that can be segmented if necessary—using things like barn doors, sliding doors and room dividers.

“A lot of people will have memories of this event that will guide their future actions. The next time they’re looking to buy a house, they’ll make sure it has some space where they can work effectively from home. People will perhaps be looking for spaces with a little more internal segmentation from one space to another, because they’ll remember how nice it was to be able to isolate a bit when they were confined to their home with all the members of their family for weeks on end.”

Aside from the practicalities of working and schooling from home, we should also look for spaces that prioritize our mental and physical health, West says.

“I certainly think that people will be looking beyond the footprint of their home. Walkable neighborhoods and outdoor spaces are more important than they were pre-pandemic. It’s about the home, but it’s also about what’s outside your home. Do you have an outside gazebo or some outdoor space where you could have friends over if you’re worried about social distancing?”

West also recommends thinking about the multigenerational living that many of us are now doing, and making sure that there are spaces that are useful to the different members of the household—things like study spaces for children, workout rooms for active people, hangout areas for the family, and comfortable quarters for elderly relatives.

“Then there’s privacy,” she says. “What do the windows look out onto? Are they looking into your neighbor’s home? Will that make you feel more trapped? And what kind of light are you going to be getting throughout the day, especially during the hours you want to be more alert or more rested?

“As you’re looking at a new house and trying to imagine your furniture in the space, really go through the exercise of thinking, ‘Where would I sit in this room? How would it feel for me to sit in this room while spending 12 hours working in this space?’”

For Augustin, the senses are again an important consideration when evaluating a home for suitability.

“When you first see a home that you might buy, often you’re looking at like an online listing, which is pictures. But make sure you read the words, too, because maybe you’ll find out that the house is next door to a preschool or something. Some people might love the sound of little kids laughing in the morning, but if you’re going to be up all night because you’re an emergency-room physician, maybe you don’t want to live next door to a preschool.

“There was a neighborhood in Chicago that for decades smelled like chocolate because it was right near the Brach’s Candy Factory. It was a perfectly nice neighborhood, but if you didn’t like chocolate or [had dietary health concerns], that probably wasn’t the place for you.

“In general, keep in mind that your house is more than what it looks like.”

Beyond what a house can offer in terms of practical considerations, there’s the need for us to feel… well, at home. In a time when security and safety are top of mind for most people, familiarity can provide comfort. So how can you create that feeling in a brand-new home, which is—at least to begin with—unfamiliar?

Augustin recommends giving thought to what makes your house really feel like home to you. “If you can continue to use the same furniture, or look at the same art, that increases feelings of familiarity and safety,” she says. “Is your furniture or your art going to fit in the new home? If you’re coming from an apartment with lots of solid, interior walls, and you go to a home that’s open plan, with very few interior walls and lots of windows, you’re not going to be able to hang as many paintings. If that art is meaningful to you, a new home where you can’t put it up and see it is not going to be the best place for you to be.

“You have to think through where you were already, your good experiences there, and how many of those you’ll be able to carry through to the new space to make it familiar. If you’re going to make a big change, why? Is it likely that you will be happy after you make it, based on where you’ve been happy previously?”

Home is the most personal space that any of us have, and we need to make decisions according to what feeds our own individual sense of well-being. Identify the things that make you feel comfortable, make your home feel practical, and ensure that it serves you and your family in the best way possible. Then, make the necessary changes, or, if you need to, purchase a house with those things in mind. In a nutshell, create your space intentionally.

Or, as Augustin says, “Just manage things. Be active. Take control. Don’t let your house just happen to you.”

Link to original article

Home Improvement November 7, 2023

Trending: 10 home features that have fallen out of favor:

Trending: 10 home features that have fallen out of favor:
1. Bold color schemes
2. Industrial-style kitchens
3. Kitchen islands
4. Granite countertops
5. TVs in the kitchen
6. Over-the-stove microwaves
7. Raised-panel cabinets
8. Wall-to-wall carpet
9. Distressed wood walls
10. Mediterranean-inspired suburban McMansions

Source

Home SalesMarket Conditions November 4, 2023

Central Ohio Housing Report – September 2023

SEPTEMBER SAW A 14.5% DECREASE YEAR OVER YEAR IN CLOSED SALES, BUT INVENTORY ROSE 5.5% OVER AUGUST.

COLUMBUS, Ohio (Oct. 19, 2023)—  There were 2,445 sales and nearly 2,900 new listings added to the market, according to the latest central Ohio housing report provided by Columbus REALTORS® for the month of September 2023.

Year – Over – Year Comparison

In September 2022, there were 2,858 closed sales with a median sales price of $290,000. One year later, the region witnessed a 14.5 percent decline in sales while experiencing a 6.9% increase in median sales price, up to $310,000.

There were 2,875 new listings added to the Columbus and Central Ohio Regional MLS in September, and the total inventory of homes for sale in the MLS sits at 3,624, slightly lower than the 3,806 homes available one year ago.

“Last year, when the market was at an all-time high, we expected some leveling off,” said Columbus REALTORS® President Patti Brown-Wright. “I think that the market has adjusted in a way that’s been gradual, and we’ve all had to adapt.”

Mortgage Rate Impact

One of the most significant factors in the market has been the rise in mortgage rates over the last 24 months. In two years, consumers have gone from record-low rates of under 3% to mortgage rates not seen since the millennium. This may be the perfect time for everyone involved in real estate to have some perspective.

“I think many of us remember the 1980s when mortgage rates were 16%, but we have to remember that most prospective buyers in today’s market do not remember those days. Over the last two decades, mortgage rates have been mostly under 5%. This is the world the majority of the public has come to know.”

According to data from Freddie Mac, the average 30-year fixed mortgage rate in 1975 was 9.05%. Rates peaked in 1981 at 16.63% and remained in double digits until 1991, when they dropped to 9.25%. The first time the average 30-year fixed mortgage dipped below six percent was in 2003 at 5.83%. That ushered in a 20-year era with an all-time low of 2.96 percent in 2021.

Local Spotlight

Hilliard has 105 active homes on market.  With an average days on market of  16 days, the market has the shortest sales cycle of west side suburbs.  The average price for Hilliard homes through $401,750.

Dublin has 153 active homes on the market.  With the highest average sales price of $519,203 on the west side, days on market holds at 21.

Grove City has 174 active homes on the market.  Grove City holds the dubious title of highest of number days on market at 29 in spite of having a low average sales price of $351,367.

 

“REALTORS® have to know their history,” continued Brown-Wright. “The average 30-year mortgage rate since Freddie started tracking this in 1971 is just under 7.74%. Today’s current rate is *7.80%. That may not be a nice warm blanket for today’s buyer, but it’s the facts. Where REALTORS® can make an additional impact is connecting their customers with lenders offering products that can provide relief at the negotiating table. Understanding your financing options should be the top priority for today’s buyer.”

Columbus REALTORS® is composed of almost 10,000 real estate professionals engaged in residential and commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development, and more.

The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Marion, Morrow, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Muskingum, Perry, and Ross counties.