Real estate representative Lee Ritchie of Re/Max Metro Plus in Columbus says that the revitalization of this city’s downtown drag is only one of several facets bringing more visitors to the region.
“We’re waiting to see if this translates into hotter markets moving forward. What people need to keep in mind is that we’re able to talk about national trends–but if you are a buyer, a seller, or an agent, it’s important to understand what’s going on in your regional market.”
“Columbus has come a long way,” she says. “We have an amazing downtown area that has completely changed over the previous ten decades. You also have housing from the brick cottages in German Village to the modern [ high-rise ] condos downtown to Victorian Village’s houses. … And then there’s the sheer variety of restaurants [and ] coffee shops.
Several markets in Ohio, that are a number of the county’s cheapest, are bringing lots of customer interest, claiming three of the top 20 places in our monthly ranking of the country’s hottest metros for real estate. Ohio metros, although not at the top 20, chalked up the biggest improvement year over year.
Its niches are the most affected by the slowdown, while California continues to be the country in the upper 20. Houses in Vallejo, Sacramento, and Santa Cruz saw a substantial jump with an increase of 11, eight, and nine days. The data demonstrates that inventory is currently promoting more gradually than March. That drop-off stays unchanged from February, which was the very first time since December 2014 which metros on the top 20 record underwent an increase in days spent around the industry. The full analysis appeared at the 300 largest metros in the U.S.
“Historically there wasn’t much need in these regions,” she states. People are currently looking to people [more ] places to buy. Columbus is superaffordable, with a median $249,900 compared to the listing price of $300,000, which brings a good deal of younger buyers. ”