Delicious Real Estate

The Ohio Real Estate Market is Not the Columbus Real Estate Market. In fact, it doesn’t exist.

October 26th, 2010 Categories: buyers, market updates, sellers

As a follow up to yesterday’s post, reader email and editorial remarks, let me reiterate my favorite Columbus Real Estate mantra: All Real Estate is local. When I say local, I mean you don’t even care what the Gahanna Real Estate market is doing if you’re looking to buy or sell a home in Upper Arlington. Why be concerned with the Clintonville market if you’re only wanting to buy a home in Berwick or Grandview?

Cleveland and Cincinnati, Dayton and Toledo and Youngstown, what do they have in common with Columbus aside from sharing this great state and, let’s face it, people from those cities are moving here but not vice-versa. Here is Doug McCloud, President of the Ohio Association of Realtors, talking about the *mythical* Ohio Real Estate Market.

While home sales in Ohio continued to lag in September–as the sector struggles to fully recover from the impact of the economic downturn and expiration of the home buyer tax credit–overall activity during the first nine months has the market positioned to mirror results from a year ago, according to statistics provided to the Ohio Association of REALTORS by the state’s Multiple Listing Services.

  1. Chris Simmons

    Firstly, great post. At Hondros, we drive home the point of hyper-locality. It doesn’t make sense for you to concern yourself with big picture, over-generalized “market analyses” when they don’t represent your local market in the least.

    Like you said above, it’s safe to ignore the real estate market conditions outside of where you’re looking to buy. We couldn’t agree more. Keep up the great, helpful content!

Delicious Communities
Delicious Real Estate
Relocating to Columbus? Why not work with a Delicious Real Estate Agent to help ease the transition by saving you money and time .
What's My Home Worth?