Columbus, Ohio: A Real Estate Powerhouse
I'm Susan Wainfor, top agent with Coldwell Banker Realty, and I'm here to tell you why Columbus, Ohio, is leading the real estate market. With a population projected to reach 3.15 million by 2050, Columbus is experiencing steady growth, translating to approximately 726,000 new residents between now and 2050. Columbus REALTORS®+1What's my Cash Flow+1
Market Performance
In 2024, Columbus saw a 4.2% increase in closed sales compared to 2023, totaling 28,754 sales. The median sale price rose to $319,900, a 5.9% increase from the previous year. Inventory levels improved by 24.9%, ending the year with 3,876 active listings. Columbus REALTORS®+1Axios+1Columbus REALTORS®
National Recognition
Columbus was ranked No. 8 on the Spring 2024 Housing Market Ranking by The Wall Street Journal and Realtor.com, highlighting its affordability, diverse housing options, and thriving economy. Columbus REALTORS®
Affordability and Demand
With a median home price of $315,000, Columbus remains 26% below the national median, attracting buyers from across the country. In fact, 32.1% of home shoppers in Columbus came from outside the Midwest. PropStream
Economic Growth
Major investments are fueling Columbus's economy, including Intel's $20 billion semiconductor plant in Licking County, expected to create 3,000 permanent jobs with an average salary of $135,000. MMG Real Estate Advisors
Conclusion
Columbus is not just keeping pace; it's setting the standard. With strong market performance, national recognition, affordability, and economic growth, Columbus stands out as a top destination for real estate investment.
Ready to explore opportunities in Columbus? Let's connect and make your real estate goals a reality.
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