Is Buying a Home for Sale in Columbus a Good Idea Today?

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Real Estate Agent with RE/MAX Premier Choice 2004010777

There’s no doubt 2020 has been a challenging year in Columbus, Ohio, especially for the real estate market. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs, along with record-low mortgage rates, has skyrocketed the demand for home purchases.

This increase in demand, on top of the severe shortage of homes for sale, has also caused more bidding wars and thus has home prices appreciating rather dramatically. Some, therefore, have become cautious about buying a home right now.

The truth of the matter is, even though homes have appreciated by a whopping 6.7% over the last twelve months, the cost to buy a home in Columbus, Ohio has actually dropped. This is largely due to mortgage rates falling by a full percentage point.

Click here to find out whether buying a home for sale in Columbus, Ohio's real estate market currently makes sense.

 

See our list of homes for sale in Columbus, Ohio here.

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Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If buyers can qualify for a home, it is a good time to buy.  Interest rates are the lowest we will see in our lifetimes.  Great post.

Nov 24, 2020 03:32 PM #1
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Rainmaker
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Marc and Charlotte Van Steyn

The Van Steyn Partners
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