Columbus housing market forecast strong for 2023, despite drop in sales

  • 📰 DispatchAlerts
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Columbus-area home sales continued to drop sharply in November, as high interest rates and an uncertain economy kept buyers at bay.

The Columbus-area housing market is projected to remain strong in 2023, despite figures released Tuesday that show home sales continuing to drop sharply.

For the month, 2,202 central Ohio homes changed hands, down 27% from 3,018 sales last November, when the housing market was ablaze, according to Columbus Realtors figures. Columbus-area home sales have fallenDespite the decline in sales, there is no evidence that central Ohio home prices are dropping. The median sales price of a Columbus-area home in November was $280,000, up about 7% from a year ago. For the first 11 months of the year, central Ohio home prices are up 11.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 72. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

33 biotech and healthtech companies to watch in 2023Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Honoured to be included in such a prestigious list of promising companies. Thanks for the recognition
Source: BusinessInsider - 🏆 729. / 51 Read more »