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Snapshot of Columbus, Ohio’s Surrounding Markets

Columbus Ohio Homes for SaleWide ranging financing options for home buyers in Columbus, OH are creating new opportunities for home sellers as well. Continuing low interest rates and availability of funds are fueling this recovery that has taken far too long to arrive. The real estate market in areas surrounding Columbus, such as Gahanna, Powell and New Albany, is starting to spark with activity. As the recovery both feeds and benefits from real estate activity, more home buyers enter the market and the existing inventory of available resale homes will shrink. This summer may be the sweet spot for home owners who are ready to sell and then buy again. Potential sellers in New Albany, Powell and Gahanna should contact their favorite Realtors about updated market evaluations because the buyers are coming, and they want to know how much to pay.

Gahanna, Ohio Market Overview

The price of a home in Gahanna continues to rise as the number of foreclosures and homes that are underwater lessen. The Gahanna real estate health is better than both the Columbus metro area and the national average. All Gahanna homeowners would benefit by knowing today’s home valuesin order  to decide if it’s a good time to upgrade. Every day, week and month shows improvement, especially in Gramercy Park Estates and Royal Manor. Potential homebuyers are able to get quality financing, but the sands are shifting, and there are fewer homes available for these ready, willing and able buyers.

Powell, Ohio Market Overview

Although Powell has a foreclosure or two, it has vastly improved over the past 12 months, and home sellers in Powell have seen their property values spike. Some experts have said that the Powell real estate market is hot. There are a few homeowners that are still underwater with their mortgages, but that is expected to greatly increase by the end of summer this year. Since more homes have sold in the same period of time than homes placed on the market, a shortage is looming if some sellers don’t come forward and put up a for sale sign. The buyers are ready, and you have more chance now than ever to recoup on your home investment.

New Albany, Ohio Market Overview

As one of the preferred bedroom communities of Columbus, New Albany’s market is staying solid. Property values have increased in a meaningful way in the past 12 months and they continue to move up gradually. Many New Albany homeowners could make a change now because there are qualified buyers interested in this community, especially in the New Albany Links and the New Albany Country Club. These areas have move-in ready listings and if you have prepared your current home correctly it is in a great position to sell this summer.

The suburbs of Columbus have been home to hardworking and stable families who have largely survived the recession without too much hardship. The resilience of these communities is paying off, and families are able to make important changes that have been postponed too long. If you are currently considering selling your home and need to speak with an agent, please do not hesitate to contact us. For more information about the details of the home selling process, please consult our Definitive Guide to Selling Your Home.

Columbus OH Real Estate

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