If there’s ever been a real estate market that has changed from luke warm to being on fire, it is this one. Many neighborhoods in the greater Columbus area – specifically, Dublin, Hilliard, Worthington, Powell, Lewis Center and Westerville, are a serious Seller’s market. Homes that are in good condition that are listed are selling within just a few days. The number of new homes listed is being out paced by the number that are going into contract and that is furthering the shortage of available supply in the market and is starting to push pricing up.
The good news for buyers is that the mortgage interest rates are still historically low and the pricing of homes hasn’t significantly increased above it bottom. I can’t say this enough, but if you are thinking of buying for the first time or trading up, this is the best time ever (Quite literally) to do so. Waiting will surely mean you’ll have lost the opportunity of a lifetime, maybe several lifetimes. The only hard part is finding a home that you love and getting it into contract before everyone else does.
Almost everyone has been hoping for this shift in the market to happen, and the shift is certainly happening now. Don’t miss out!