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Columbus home prices jump nearly 17%

The average Columbus-area home cost nearly $300,000 in April, $40,000 more than a year ago, according to figures released Friday by Columbus Realtors. April s average sales price was $291,900, almost 17% higher than last April s $250,409. In the past five years, the average price of a central Ohio home has risen nearly $100,000. Rising prices show no signs of dampening demand, which is fueled by exceptionally low interest rates and stay-at-home workers. Sales of central Ohio homes jumped 23% in April over last April (when the pandemic was starting to take hold). Homes sold in an average of 16 days during the month, a record low for central Ohio. Homes under $350,000 were listed only 13 days before selling, on average. 

Home prices in U S surge most since 2006 with inventory tight

Home prices in U S surge most since 2006 with inventory tight
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