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.