Some Columbus Housing Facts

The following are provided by the Columbus Board of Realtors. You can find out more about our housing market by visiting their site at www.columbusrealtors.org

-2007 remains the 4th best housing market since the Columbus Board of REALTORS^® began collecting statistics

-The central Ohio real estate market has experienced a 40% increase in home prices over the past decade, and that positive trend is expected to continue.

-Columbus is the 3rd most stable housing market, according to a study conducted in late 2007 by Forbes.com and MoodysEconomy.com. Researchers chose our market based on the strength of our economy, plans for construction, low foreclosure rates, the availability of the local credit markets, our high home sales rates, and the affordability and availability of housing.

Considering our healthy economy and job market, central Ohio housing is "undervalued," according to the Chief Economist of the National Association of REALTORS^®. That's good news! It means that housing prices here are lower than what experts would expect them to be for such a healthy market.