Home sales in central Ohio were up 3 percent last month compared to August 2024, according to new figures from Columbus Realtors.

The number of homes for sale also continues to increase. There were 5,736 homes for sale in August, a 25 percent increase from a year earlier and the most homes on the market since 2016.

The average home price in the Columbus region also continues to rise. The average price for a home sold last month was $388,708, which is 4.4 percent higher than in August 2024.

“Inventory is the highest we’ve seen in years and prices are still edging up,” said Buffie Patterson, president of Columbus Relators. “Buyers have more choice and a little more time. Sellers who price to today’s market are still getting strong results. Buyers should keep an eye on those dropping mortgage rates, too.”

The median sales price also climbed 4.8 percent last month to $338,000.

So far this year the average sale price is up 3.4 percent while the median sales price is up 3.1 percent.

There were 2,819 homes sold in August, including 2,461 single-family home sales and 358 condominiums.

Through August, single-family home sales are up 2.8 percent while condominium sales are down 2.1 percent compared to the same time period last year.

Home sales overall are up 1.3 percent so far this year compared to the first eight months of 2024.

Fueling the housing stock were 3,442 new listings in August, a 3.9 percent increase over the same month last year.

Columbus Realtors also notes that buyers are seeing marginal discounts at the closing table as homes received 99.2 percent of the last list price received at closing.

Homes are also taking longer to sell. The average length to sell a home in August was up 31.8 percent from last year, from 22 days to 29 days.

The areas with the highest number of new listings were the South-Western City School District (182 listings), Hilliard City School District (150) and Olentangy Local School District (142).

Columbus Realtors officials say falling rates on 30-year fixed-rate mortgages could boost sales in the fall. HousingWire reports an average of 6.25 percent on 30-year fixed-rate mortgages as of Sept. 15, which is the lowest the rate has been this year.

Statewide, home sales were up 0.5 percent in August compared to August 2024, according Ohio Realtors.

There were 12,123 homes sold in Ohio last month compared to 12,054 in August 2024.

The average sales price across the state in August reached $268,000, a 5.1 percent increase from the $255,000 mark posted in August 2024.

“Ohio’s housing market in August showed signs of stability,” said Ohio Realtors President Michelle Billings. “Prices remain strong, reflecting homeownership as a great investment, while rising inventory is giving
buyers more options. Although we’re still in a seller’s market, the data suggests movement toward a healthier balance between supply and demand.”

Active listings reached 36,943 in August 2025, a 10 percent increase year over year, compared to 33,559 in August 2024 and 29,799 in August 2023.

That marks the third consecutive year of growth in inventory, according to Ohio Realtors.

Ohio recorded 3.57 months of housing supply in August, a 9.5 percent year-over-year increase.