Patti Brown-Wright, President of Columbus Realtors, noted that while rising home prices could pose challenges for potential buyers, Columbus remains one of the most affordable metropolitan areas in the US.
Brown-Wright said, “Home prices continue to tick up each month around Columbus. That can pose some challenges to potential buyers, but it’s also important to remember that Columbus remains one of the most affordable metros in the US.”
Columbus’ housing market was named the 12th emerging housing market by the Wall Street Journal andRealtor.com‘s spring 2023 index.
The city was also the only one in the top 20 with a population greater than 1 million. Indiana metros, Lafayette, Bloomington, and Elkhart-Goshen took the top three spots, respectively. Lebanon, Pennsylvania, and Fort Wayne, Indiana, ranked fourth and fifth, while Springfield, Ohio, ranked fifteenth.
Thereport found that home sales in central Ohio are rising, and days on the market are dropping, with 72.6% of properties selling in 30 days or less in March.