Price of Columbus home climbs to $310,000 but signs point to

The Columbus housing current market remained on fireplace in May well but a expanding number of indications issue to a slowdown in advance, in particular in Northeast Ohio. 

Columbus-area household profits jumped 7.5% in May possibly more than previous May well, whilst selling prices leapt 13% from a yr in the past to however one more report. The median product sales selling price of a Columbus-area residence in May well was $310,830, up from $275,000 final May perhaps.

Homes sold just after staying shown an average of 12 days, down from 14 times a 12 months ago and perfectly below historic norms. 

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Nationally, nonetheless, home profits fell 3.4% in May well, the fourth straight month of declines, introducing to growing indications that the housing current market is slowing down as home loan prices continue on to climb.