Jim Ross

Central OH Market Update │ Through Aug wk 2
✨Rolling 4: Jul wk 4 '24 - Aug wk 2 '24 (07/21 - 08/17)✨

👇Check out these highlights from the last 4 weeks of data:
🏠 CLOSINGS: 2,446, ⬇️ 2.7% over LY
🏠 NEW LISTINGS: 2,901, ⬆️ 13.1% over LY
📈 ACTIVE INVENTORY: 3,825 homes ⬆️ 47.2% over LY & ⬇️ 1.8% WoW
💲 MEDIAN sales price: $340,000, ⬆️ 6.3% over LY
⬇️ 56.0% of active listings have reduced price
📅 AVG DOM: 21, ⬆️ 16.7% over LY
📅 MONTHS of SUPPLY: 1.6
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Historically -
👉 July: By EOM we've historically completed 57% of yearly sales. Typically the 3rd strongest month in sales & 3rd in new listings.
👉 August: By EOM we've historically completed 67% of yearly sales. Typically the strongest month in sales & 5th in new listings.
👉 By the end of Aug wk 2, we've historically completed 62% of yearly sales.
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Data Notes -
*All data pulled from Columbus REALTORS® MLS.
*MLS Data as of 08/20/24