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December 2024 wrapped up a strong year in residential real estate sales with 2,169 closings, marking a 13.1% increase compared to December 2023. Throughout the year, we saw a 4.2% increase in closed sales, totaling 28,754.
Key Trends for 2024: An increase in new listings overall provided more options for buyers while home prices increased by about 5%, leading to properties staying on the market for roughly four days longer.
The median sales price for residential real estate peaked at 8.5% year over year, reaching $320,000 and home sellers received 98.5% of their final listing price on average. This confirms that homes priced correctly net the biggest returns for sellers, even with an increase in market inventory throughout Central Ohio.
Neighborhood hotspots in December include South-Western City School District, Grove City, and Marysville. These areas experienced significant year-over-year sales increases.
If you’re considering selling your home, now is the prime time to do so. Listing now can give you an edge before the spring market brings in even more inventory and competition. Let’s maximize your return and ensure a smooth selling process.
For a more detailed look into the latest Columbus housing trends, check out the official December Market Report from Columbus Realtors here.
Search homes for sale and coming soon in Columbus here
EBONY RICHARDSON, REALTOR®
MBA, PSA®
Coldwell Banker Realty
📲(310) 256-6749
📧info@ebonyjeanette.com
🌐rockinrealestateagents.com
