Real Estate Licenses on the Rise in Columbus Ohio
Blog, Real Estate
July 12, 2019 |
According to Columbus Business First, as of June 25th of this year, 612 real estate licenses have been issued in Central Ohio.
“Today, there are more than 7,600 active agents across Central Ohio.” – Marque Bressler Preininger, Columbus Realtors
Since the Great Recession ended, the median price for homes sold has been rising in Central Ohio, notes Columbus Business First. As of May 2019, it has surpassed $220,000.
“Any way you cut it, Central Ohio is experiencing a real estate renaissance. Homes are selling fast and for higher asking prices.” – Columbus Business First
May of 2019 saw a 5.6% increase in home sales compared to the same month in 2018. Population growth has been sighted as the cause for growth in demand for houses in the area. However, limited inventory has created the current seller’s market.
Areas like “Upper Arlington, Clintonville, German Village, Hilliard, Dublin, Worthington, the Short North and downtown,” have seen at least a $75,000 increase in average sale price over the last three years.
A hot real estate market is not only great news for Columbus as a whole. This current market will benefit sellers… and their agents! There has never been a better time to become a real estate agent.
Want more? Check out our article on Columbus’ hot streak earlier this year!