The number of homes sold in the Columbus area rose 11.1 percent last month compared to June 2024, according to new data from Columbus Realtors.
Sales for the year are up 0.7 percent compared to the first half of last year.
There were 2,951 homes sold in central Ohio last month, up from 2,656 during the same month a year ago.
So far this year there have been 13,813 homes sold, higher than the 13,718 homes sold during the first six months of 2024.
“Seeing an 11 percent jump in sales compared to last June is an encouraging sign,” said Buffie Patterson, president of Columbus Realtors. “It shows that buyers are returning to the market with greater confidence, and with inventory on the rise, I think we are setting the stage for a strong and active summer selling season.”
The number of homes for sale has substantially increased in the past year. Last month, there were 32.9 percent more homes listed for sale than in June of 2024.
Last month, there were 5,188 homes for sale. That’s 79 percent higher than the 2,887 homes for sale two year ago.
The average months supply of inventory — which is how many months it would take to sell all homes for sale without adding any additional homes for sale — is 2.1 months. Two years ago, that figure was 1.2 months.
It’s been nearly six years since there have been that many homes for sale in the Columbus area. The last time central Ohio had more inventory was in September 2019, when 5,277 homes were on the market.
The average price of a home in central Ohio, meanwhile, continues to increase.
Last month, homes sold for an average of $398,819, which was 3.6 percent higher than a year ago.
In five years, the average sale price has increased 46 percent.
The median sales price for homes in June rose to $350,000, up 4.5 percent from $334,900 a year ago. Year-to-date, the median sales price has increased by 2.8 percent, reaching $325,000, compared to $316,000 in June 2024.
Homes also took slightly longer to sell in June, with the median days on market increasing from 22 to 25 days, a 13.6 percent uptick.
Mortgage rates on a 30-year fixed-rate loan have hovered around 7 percent recently.
Home sales across the state also increased last month, according to figures from Ohio Realtors.
The number of homes sold last month in Ohio rose 7.1 percent from June 2024 to 12,276 sales.
The average sales price across Ohio in June reached $275,000, a 5.7 percent increase from the $260,000 mark posted in June 2024.
“The momentum we’re seeing this summer signals renewed buyer confidence and a strong seasonal push,” said Ohio Realtors President Michelle Billings. “With interest rates showing signs of settling and more sellers entering the market, the pace of transactions is picking up as we enter the summer homebuying season.”
Also on the rise were new listings, which reached 35,305 statewide in June, representing an 11.1 percent year-over-year increase over the 31,774 listings in June 2024.
The increase in homes for sale helped fuel sales activity “and reflects growing seller confidence heading into the year’s second half,” according to Ohio Realtors.
Inventory has increased 12 percent in the past year, but remains tight, with a statewide supply of 3.44 months, below the six months typically considered for a balanced market.