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Columbus Real Estate in July: Sales Up 3% YoY, Inventory UP 4% YoY

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by Calculated Risk on 8/22/2021 03:23:00 PM

The is only the second local market that I track that saw a year-over-year increase in active inventory in July.

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

Here is a summary post for many markets: Existing Home Inventory in July: Local Markets

For for the Columbus, Ohio area:

Closed sales in July 2021 were 3,630, up 2.7% from 3,536 in July 2020.

Active Listings in July 2021 were 3,079, up 4.2% from 2,955 in July 2020.

Months of Supply was 1.0 Months in July 2021, compared to 1.1 Months in July 2020.

Inventory in July was up 27.0% from last month, and up 87.9% from the all time low in March 2021.

30 Year Mortgage Rates "Stuck in the Middle" at 2.93%

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