In July, home prices fell slightly from the month before, with a median listing price of $289,900.
The number of listings on the market grew 5.2% from last month, which is a smaller increase than normal for this time of the year in Columbus, and homes are also selling slower than at the same time last year.
Home prices in Columbus
Typically, home price per square foot in Columbus tend to fall in July. But the most recent data shows that the price per square foot increased by 0.1% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in the Arch City are outpacing the national market.
Columbus inventory
In July, there were 1,430 homes for sale in Columbus, which was 5.2% more than the month before and 28.3% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
The number of new listings in Columbus was 862, which was 17.1% less than the month before and 13.1% less than the same time last year.
Nationally, the number of new listings fell by 3.9% from last month to 434,816.
Time on market
Homes in Columbus take an average of 43 days to sell, according to July figures.
This is five days more than the previous month and seven days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Columbus, OH.