CENTRAL OHIO IS HOT!!!

Central Ohio homebuyers were more active than ever in 2016.
The region registered 31,532 existing single-family homes and condominiums change hands during the year, a 6.8 percent increase from a healthy 2015 housing market, according to year-end numbers from the Columbus Realtorsorganization.
Home sales are hot.Enlarge
Home sales are hot.
ANDY DEAN | THINKSTOCK
The tally was also 58.9 percent above sales in 2011, when the housing market nationwide bottomed out after the Great Recession.
Pointing to pent-up demand, the region also saw the lowest supply of homes for sale on record in the Realtors' Multiple Listing Service. There were 4,653 houses and condos for sale in the MLS in December, down 26 percent from a year earlier.
“Soaring home prices are another reflection of how hot the Central Ohio housing market is, which continues to be beneficial for anyone who might be looking to list their home for sale,” 2017 Columbus Realtors President Mic Gordon said in a statement. “With inventory at a record low, there couldn’t be a better time than the present to put your home on the market.”
The average home sale topped $200,000 for the year for the first time in Central Ohio, closing out 2016 at $202,224. The median sale price at the midpoint of the market was $170,000. Both figures were up about 6 percent from 2015.
More numbers and figures on the market:
  • Of the homes sold last year, 26,832 were single-family houses and 4,700 were condominiums.
  • Homes spent an average of 43 days on the market before they were sold, 12 days fewer than 2015 and another record.
  • The tally for December was 2,252 homes sold, unchanged from December 2015.
Here's a breakdown of 2016's sales:
  • 14 percent sold for $80,000 or below in an average of 61 days.
  • 14 percent sold for $80,001 to $120,000 in an average of 44 days.
  • 19 percent sold for $120,001 and $160,000 in an average of 32 days.
  • 29 percent sold for $160,001 to $250,000 in an average of 33 days.

Rich Figley, Realtor

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Doug Buchanan oversees news operations at Columbus Business First.

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