Columbus Real Estate Group Reports Hot Housing Market | WOSU Radio

Columbus Real Estate Group Reports Hot Housing Market

Jul 21, 2016

Columbus Realtors say the cost of buying a house in Central Ohio rose to a new record high in June.

The real estate group said, in June, the average cost of a home in Central Ohio was more than $216,000.

That's a 5.5 percent increase over the same period last year.

Columbus Realtors President John Royer said houses continue to be a hot commodity in Central Ohio with more than 3,200 houses and condos sold in June. That's a five percent rise over May.

Royer says housing inventory remains low. Last month, he said, 40 percent of potential buyers reported trouble finding a house that fit their needs.

Royer said houses are selling fast, spending an average of one month on the market.