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Dan, How's the Real Estate Market in Columbus Right Now? - The Question I'm Most Often Asked

20h ago
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By far and away, the question I am most often asked as a Realtor here in the Columbus, OH area is, "Dan, how's the real estate market right now?" The short answer: It's great! Basically, the past 24 months or so has produced a shift from a Buyer's market to a Seller's market. There are not a lot of houses on the market, so if you remember back to learning about "supply vs demand" in school, when supply (i.e. the number of houses on the market) is low, demand becomes high. And when demand is high, prices go up and the product (i.e. houses) sells faster. So, home values in Columbus are up as much as about 10% in many areas. And just as impressive, average days on market statistics are way down. In the past, a home may have sold in 4-6 months. Now, if the same house is on the market, and assuming it's not overpriced and it's in good condition, it's selling in as little as 1-2 days, or maybe 20-30 on average. So, sellers in and around Columbus, it's a great time to be you. And Buyer's, it's still good to be you, too. You, buyers, just need to make sure you have an expert Realtor to not only help you through the sales process but also through the search process. Nowadays, with the market the way it is, and as hot as it it, buyers cannot rely on sites like zillow, trulia, or realtor.com to give them the most up-to-date information. You need a Realtor to 1) not hassle you, and 2) make sure you have the most-recent details on every house on the market. Plus, Realtors can even get you information about houses that aren't even on the market yet, but will be coming to the market soon. Maybe you can buy the perfect dream house out from everyone else just because you knew about the house before everyone else?! So, if you're thinking of buying or selling now, or even any time in 2015, let's start getting you prepared. Let's chat, and let's start getting you on your way. Come across a video you like? Like it. Tweet it. Share it. Favorite it. Whatever. Send it to a friend or family member who may enjoy it. And if you ever need to reach me, you can always find me online at http://www.CbusHomes.com, you can call or text me anytime at 614-670-9065 or you can email me at dchamilton@kw.com. Thanks for watching.